Lincoln City Council
April 28, 2026

2026 REGULAR MEETING - CITY COUNCIL / LINCOLN REDEVELOPMENT SUCCESSOR AGENCY / LINCOLN PUBLIC FINANCING AUTHORITY*
April 28, 2026

CITY OF LINCOLN
2026 REGULAR MEETING - CITY COUNCIL /

LINCOLN REDEVELOPMENT SUCCESSOR AGENCY
/ LINCOLN PUBLIC FINANCING AUTHORITY*
April 28, 2026

AS A COURTESY, PLEASE TURN OFF ALL CELL PHONES & ELECTRONIC DEVICES DURING THE MEETING -COUNCIL MEETING AGENDA-
6:00 PM
Mayor Richard Pearl
Mayor Pro Tem Whitney Eklund Councilmember Holly Andreatta Councilmember Ben Brown Councilmember John Reedy City Hall (Extremely Limited Seating Capacity)
3rd Floor Council Chambers
600 Sixth Street
Lincoln, CA 95648
or attend via
ZOOM
register by using this link:
https://us06web.zoom.us/webinar/register/WN_L1sVeRjjSwaygN5OEfk5ew or participate by calling US: +1 (669) 900-6833
use ID #842 1355 6096
and use *9 to raise hand to speak
600 Sixth Street
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Lincoln, CA 95648
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www.lincolnca.gov

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916-434-2400 1

1. CLOSED SESSION - 5:00pm

2. CALL TO ORDER

EXECUTIVE TEAM

Sean Scully, City Manager
Douglas White, Special Counsel
Nita Wracker, Asst. City Manager / Finance Director
Matt Alves, Police Chief
Jennifer Brown, Chief Innovation & Tech. Officer
Vin Cay, City Engineer
Erin Frye, Econ. Dev. & Communication Specialist
Kathryn Hunt, Library Services Director
Hope Ithurburn, City Clerk
Matthew Medill, Public Works Director
Veronica Rodriguez, Human Resources Director
Anthony Mejia, Fire Chief
MISSION STATEMENT:

To provide the highest level of service responsive to our community’s expectations and to enhance the quality of life and economic vitality.

THE FOLLOWING INFORMATION IS PROVIDED TO ASSIST WITH PUBLIC PARTICIPATION:

Americans with Disabilities Act (ADA):

In compliance with the ADA, if you need special assistance to participate in this meeting or other services in conjunction with this meeting, please contact the City Clerk’s Office at (916) 434-2490. The meeting room is wheelchair accessible and disabled parking is available. Notification at least 48 hours prior to the meeting or time when services are needed will assist City staff in assuring reasonable arrangements can be made to provide accessibility to the meeting or service.

Agenda Availability:

The main posting location of the City Council Agenda pursuant to the Brown Act, Government Code § 54954.2(a) is on the public kiosk outside the entrance of City Hall, 600 6th Street, Lincoln, California. City Council Agenda Packets are available for review at the City Clerk’s Office, 600 6th Street, Lincoln, California, and “Live and Archived” meetings, minutes and videos are available on the City’s website at www.Lincolnca.gov. City Council Meetings are televised live 6:00PM on Cable channel 18.

Public Input:

Persons wishing to address the City Council are asked to voluntarily complete and submit a speaker card to City staff. Speaker cards are available near the entrance of the meeting location. Persons wishing to address the City Council on an item appearing on this agenda will be called upon at the appropriate time during the item’s consideration. Persons wishing to address the City Council on an item not appearing on the agenda will be called upon during “Public Comment on Non-Agenda Items.” In either case, please stand to be recognized by the Mayor when your name is called. Please note:
comments from the audience without coming to the podium may be disregarded or ruled out of order. All speakers' time will be limited to three (3) minutes, unless extended by the Mayor. All comments or questions should be addressed to the Mayor and in most cases, the City Council is prohibited from discussing or taking action on any item not appearing on the posted agenda, but may engage in brief discussion, provide direction to City staff, or schedule items for future meetings.

Special Meeting Public Input:

Only issues listed on a special meeting agenda may be addressed pursuant to the Brown Act’s regulation of Special Meetings.

Consent Agenda
: All matters on the Consent Agenda are considered routine business and will be enacted by one motion.

There will be no separate discussion of these items unless a member of the City Council requests a specific item be removed from the Consent Agenda for separate action. Any items removed will be considered after the remainder of the Consent Agenda.

Judicial Review
: Pursuant to applicable laws and regulations, including without limitation, California Government Code § 65009 and/or California Public Resources Code § 21177, if you wish to challenge in court any of the decisions made by the City Council, including any action regarding planning, zoning or environmental decisions, you may be limited to raising only those issues you or someone else raised at the public hearing(s) described in this notice/agenda, or in written correspondence delivered to the City at, or prior to, the public hearing.

1.A

CONFERENCE WITH LABOR NEGOTIATOR
Pursuant to Government Code §54957.6
City Designated Representative: Veronica Rodriguez, Employee Organization: Local 39 Professional and Administrative Employee Group.

1.B

CONFERENCE WITH LEGAL COUNSEL - EXISTING LITIGATION
Pursuant to Government Code §54956.9
Name of Case: (City of Lincoln v. The Gathering Inn, et al., Placer Superior Court Case No. S- CV-0053711)
600 Sixth Street
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Lincoln, CA 95648
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www.lincolnca.gov

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916-434-2400 2

3. ROLL CALL

4. PUBLIC COMMENT (CLOSED SESSION AGENDA ITEMS ONLY)

5. CALL TO ORDER

6. ROLL CALL

7. REPORT FROM CLOSED SESSION (if any)

8. PLEDGE OF ALLEGIANCE

9. AGENDA MODIFICATIONS

10. INFORMATION ITEMS AND DISCLOSURES

11. PRESENTATIONS

12. PUBLIC COMMENT ON NON-AGENDA ITEMS WITHIN THE SUBJECT MATTER JURISDICTION OF THE COUNCIL *
All speakers' time will be limited to three (3)
minutes, unless extended by the Mayor. All comments or questions should be addressed to the Mayor and in most cases, the City Council is prohibited from discussing or taking action on any item not appearing on the posted agenda, but may engage in brief discussion, provide direction to City staff, or schedule items for future meetings.

13. CONSENT

GENERAL SESSION - 6:00pm

INSPIRATION OR INVOCATION

13.A
Approval of Meeting Minutes of April 14, 2026 Regular City Council Meeting. (Hope Ithurburn)

13.B
Waive Full Reading and Adopt by Title Only an Ordinance of the City of Lincoln Amending Certain Sections of Lincoln Municipal Code Chapter 3.24 Contracts and Purchasing and Chapter 3.26 Public Projects Subject to the Public Contract Code. (Nita Wracker)

13.C
Adopt a Resolution Authorizing City Staff to Approve the 2026 Independence Day Fireworks Show on July 4, 2026, and Fireworks Displays During Lincoln Potters' 2026 Season. (Doug Brown)

13.D
Adopt a Resolution Authorizing the City Manager to Execute a Concession Services Agreement with The Barking Bun for Operations at the Eleanor Carnesecca Softball Complex Within Foskett Regional Park. (Doug Brown)

13.E
Receive and File the City of Lincoln Quarterly Treasurer's Report. (Nita Wracker)

13.F
Adopt a Resolution Authorizing the City Manager to Execute Task Order Amendment No. 3 with Kimley-Horn for Engineering Design Services for the Ferrari Ranch Road Improvements Project (CIP 644). (Roland Neufeld)

13.G
Adopt a Resolution Authorizing the City Manager to Execute a Pacific Gas and 600 Sixth Street
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Lincoln, CA 95648
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www.lincolnca.gov

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916-434-2400 3

14. PUBLIC HEARINGS

15. GENERAL BUSINESS

16. CITY MANAGER REPORTS

17. COUNCIL INITIATED BUSINESS

18. COMMITTEE REPORTS
Electric (PG&E) Distribution Easement at McBean Park to Facilitate Permanent Utility Service to an Existing Telecommunications Facility. (Matthew Medill)

13.H
Adopt a Resolution Authorizing the City Manager to Execute a Public Facilities Element Fee Credit Agreement with JEN California 24, LLC. (Nita Wracker)

13.I
Adopt a Resolution Authorizing Applications for Sacramento Area Council of Governments (SACOG) 2026 Federal Funding Programs (Jacob Groeser)

14.A
Stardust 12 Project (Mikaela Noble)
1 .

Resolution Adopting the Proposed Addendum to the Certified 2012 Village 1 Specific Plan EIR.
2 .

Resolution Amending the Village 1 Specific Plan to Reflect Changes in Association with the Project.
3 .

Consider Waiving First Reading and Introducing by Title Only an Ordinance Amending the Village 1 GDP to Reflect Changes in Association with the Project.
4 .

Resolution Approving a Small Lot Tentative Subdivision Map for the Project.

14.B
West Lincoln Square Commercial Project (Thomas Cruickshank) 1 .

Resolution Determining the Addendum to the certified EIR for the SUD B NEQ Specific Plan as the appropriate level of documentation to satisfy the CEQA requirements.
2 .

Consider Waiving First Reading and Introduce by Title Only an Ordinance Approving a Zone Text Amendment to the Adopted SUD-B NEQ GDP. 3 .

Resolution Approving the Amendment to the Commercial Portion of an approved A&P Lincoln, LLC (Peery-Arrillaga) Property Large Lot Tentative Parcel Map.

14.C
Adopt a Resolution Approving the Pre-Annexation Proceedings for the Brar Property and Determine that No Further Environmental Analysis is Needed Under CEQA. (Rommel Pabalinas)

15.A
Adopt a Resolution Authorizing the City Manager to unencumber funds from CIPV2512 Autocar EV garbage collection vehicle and reallocate for Procurement of Tymco 500X Street Sweeper and Chevrolet Silverado EV. (Aaron Hookins)

15.B
Adopt a Resolution Awarding the Contract for Professional Auditing Services to MUN CPAs LLP and Authorizing the City Manager, or Designee, to Enter into an Agreement for Services. (Nita Wracker)

600 Sixth Street
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Lincoln, CA 95648
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www.lincolnca.gov

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916-434-2400 4

19. ADJOURNMENT

NOTE:

Materials related to an item on this Agenda submitted to the Council/Redevelopment Successor Agency after distribution of the agenda packet are available for public inspection in the City Clerk's office at 600 Sixth Street, Lincoln, CA during normal business hours. Such documents are also available on the City of Lincoln's website at
https://www.lincolnca.gov/
subject to staff's availability to
post the documents before the meeting.

In compliance with the American with Disabilities Act, the City will provide special assistance for disabled members of the public. The meeting room is wheelchair accessible and disabled parking is available. If you have a disability and need a disability-related modification or accommodation to participate in the meeting, please contact the City Clerk's Office at (916) 434-2490. As a courtesy, please make every effort to inform the Clerk of your needs at least 24 hours prior to the meeting so the City may make reasonable arrangements to ensure accessibility to this meeting.

Pursuant to applicable laws and regulations, including without limitation, California Government Code Section 65009 and/or California Public Resources Code Section 21177, if you wish to challenge in court any of the above decisions (including any action regarding planning, zoning and/or environmental decisions), you may be limited to raising only those issues you or someone else raised at the public hearing(s) described in this notice/agenda, or in written correspondence delivered to the City at, or prior to, the public hearing.

Levine Act Provisions --
The Levine Act requires a party (or the party's agent(s)) to a proceeding before the City of Lincoln that involves any action or consideration to their contract, license, permit, or other entitlement for use, to disclose any campaign contribution made to City elected or appointed officer totaling more than $500 within the 12 months before the City decision. This includes contributions to Councilmembers, Planning Commissioners and members of other City boards and commissions.
600 Sixth Street
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Lincoln, CA 95648
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www.lincolnca.gov

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SUBJECT:

Approval of Meeting Minutes of April 14, 2026 Regular City Council Meeting. (Hope Ithurburn)
SUBMITTED BY:

City Clerk
DEPARTMENT:

City Clerk's Office
DATE:

April 28, 2026

Item Number 13.A

ATTACHMENTS:

1.DRAFT - MEETING MINUTES, 4.14.2026.docx

STAFF REPORT
6 MINUTES

CITY OF LINCOLN CITY COUNCIL,

PUBLIC FINANCE AUTHORITY
and REDEVELOPMENT SUCCESSOR AGENCY
Regular Meeting
April 14, 2026

1. CLOSED SESSION MEETING – 5:06pm

1.A CONFERENCE WITH LEGAL COUNSEL - EXISTING LITIGATION:

Pursuant to Government Code §54956.9
Name of Case: (City of Lincoln v. The Gathering Inn, et al., Placer Superior Court Case No. SCV- 0053711)

1.B CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION Significant exposure to litigation pursuant to Gov. Code Section, §54956.9(d)(2): One (1) Potential Case

2. CALL TO ORDER - The meeting was called to order by Mayor Pearl at 5:06pm at City Hall, 600 6 th Street, Lincoln, CA in the Council Chambers and offered virtually on Zoom with a Live Stream on the City of Lincoln YouTube Channel and WAVE Channel 18. Closed session was held in the 3rd floor conference room.

3. ROLL CALL Councilmembers present:

Mayor Richard Pearl
Holly Andreatta
Ben Brown
Whitney Eklund
John Reedy

4. PUBLIC COMMENT ON CLOSED SESSION - none.

GENERAL SESSION – 6:00pm
The meeting was conducted in person at City Hall, 600 6 th Street, Lincoln, CA, and virtually on Zoom with a Live Stream on the City of Lincoln YouTube Channel and WAVE Channel 18.

5. CALL TO ORDER by Mayor Pearl at 6:12pm.

6. ROLL CALL: Councilmembers present: Mayor Richard Pearl Holly Andreatta
Ben Brown
Whitney Eklund
John Reedy

7. REPORT FROM CLOSED SESSION (if applicable) – nothing to report.

8. PLEDGE OF ALLEGIANCE – led by Darla Gutierrez.

9. CONFLICT OF INTEREST – none.

10. AGENDA MODIFICATIONS – The redline version attachment of the ordinance for Item #14.A was provided to Council and the public as a handout as it was omitted from the agenda packet due to a technical error.

7

City Council, Public Finance Authority and
Redevelopment Successor Agency
Regular Meeting Minutes
April 14, 2026

11. PRESENTATIONS
Mayor Pearl reported on the recent “Big Boy” train tour followed by a group photo with Council.

12. PUBLIC COMMENT ON NON-AGENDA ITEMS WITHIN THE SUBJECT MATTER

JURISDICTION OF THE COUNCIL

The following provided public comment:

Stan Nader, Lincoln resident
Kevin Siddle, Lincoln resident
Byron Chapman, Lincoln resident
Angela V., Lincoln resident

13. CONSENT

Mayor Pearl asked if any members of the City Council or staff would like to pull any items from the consent agenda with none pulled.

13.A Approval of Meeting Minutes of March 24, 2026 Regular City Council Meeting.

13.B Adopt Resolution 2026-043 Authorizing the Acceptance of a Donation from the Lincoln Public Safety Foundation of a 2024 Suzuki DRZ400 Dual Purpose Motorcycle and Four (4) Automated External Defibrillators for Use by the Lincoln Police Department.

13.C Adopt Resolution 2026-044 Authorizing the City Manager to Execute a Contract with Francisco & Associates (F&A) for District Engineering Services.

Mayor Pearl opened public comment.

Seeing no public comment, Mayor Pearl called for a motion of approval. Councilmember Andreatta motioned to approve, motion was seconded by Councilmember Reedy. Passed by the following voice vote:

Ayes: Andreatta, Brown, Eklund, Pearl, Reedy
Noes: None

Absent: None
Abstain: None

14. PUBLIC HEARINGS

14.A Waive Full Reading and Introduce by Title Only an Ordinance of the City of Lincoln Amending Certain Sections of Lincoln Municipal Code Chapter 3.24 - Contracts and Purchasing and Chapter 3.26 - Public Projects Subject to the Public Contract Code and Further Finding the Ordinance is Exempt From Environmental Review Under the California Environmental Quality Act (CEQA).

8

City Council, Public Finance Authority and
Redevelopment Successor Agency
Regular Meeting Minutes
April 14, 2026

Sean Scully, City Manager introduced Nita Wracker, Assistant City Manager who presented to Council noting several modifications that were made to the ordinance post agenda packet publication.

Mayor Pearl opened the public hearing. Seeing no public comment, Mayor Pearl called for a motion of approval for the item.

Councilmember Reedy motioned to approve noting modifications earlier as read into record, motion was seconded by Councilmember Brown. Passed by the following voice vote:

Ayes: Andreatta, Brown, Eklund, Pearl, Reedy
Noes: None

Absent: None
Abstain: None

15. GENERAL BUSINESS

15.A Adopt Resolution 2026-045 Accepting a Fiscal Impact Analysis of Community Facility District (CFD) 2018-2 and Authorizing a Maximum Tax within the CFD Project Area.

Nita Wracker, Assistant City Manager introduced the item and consultant Jamie Gomes of Economic & Planning Systems, Inc. (EPS) who presented to Council with a brief discussion following. Mayor Pearl opened public comment.

The following provided public comment:

Byron Chapman, Lincoln resident

Seeing no further public comment, Mayor Pearl called for a motion of approval for the item.

Councilmember Reedy motioned to approve, motion was seconded by Councilmember Andreatta. Passed by the following voice vote:

Ayes: Andreatta, Brown, Eklund, Pearl, Reedy
Noes: None

Absent: None
Abstain: None

15.B Adopt Resolution 2026-046 Authorizing the Issuance of the City of Lincoln Community Facilities District No. 2005-1 Special Tax (Sorrento Village) Special Tax Refunding Bonds, Series 2026.

Nita Wracker, Assistant City Manager introduced Brian Forbath of Stradling Yocca Calrson & Rauth LLP and Jaime Trejo of PFM Financial Advisors LLC who presented to Council with a brief discussion following. Mayor Pearl opened public comment.

Seeing no public comment, Mayor Pearl called for a motion of approval for the item.

Councilmember Reedy motioned to approve, motion was seconded by Councilmember Andreatta. Passed by the following voice vote:

9

City Council, Public Finance Authority and
Redevelopment Successor Agency
Regular Meeting Minutes
April 14, 2026

Ayes: Andreatta, Brown, Eklund, Pearl, Reedy
Noes: None

Absent: None
Abstain: None

16. CITY MANAGER REPORTS
Sean Scully, City Manager commented on the City’s recent safety ranking, a possible train mural to be placed on the Police Department building, expressed gratitude to Nita Wracker, Assistant City Manager regarding her efforts on the bond refinancing and associated Community Facilities District (CFD). Scully also promoted the upcoming Airport Committee meeting.

17. COUNCIL INITIATED BUSINESS
Councilmember Andreatta requested staff to review the City’s property and services assessment and it’s relation to the County. Councilmember Brown requested staff to research The Gathering Inn’s potential closing of centers. Mayor Pearl requested staff to conduct a study/assessment of Council’s salaries.

18. COMMITTEE REPORTS
Councilmember Andreatta reported on a recently attended Sacramento Area Council of Government (SACOG) meeting. Councilmember Brown reported on a recently attended Placer County Transportation Planning Agency (PCTPA) board meeting. Councilmember Reedy reported on a recently attended Lincoln-Sewer Maintenance District 1 Wastewater Authority (LiSWA) board meeting. Mayor Pro Tem Eklund reported on a recently attended Local Area Formation Commission) LAFCO board meeting.

19. INFORMATION ITEMS
Councilmember Brown provided updates on Lincoln Serves. Councilmember Andreatta inquired about the Skate Park groundbreaking event with staff responding. Mayor Pro Tem Eklund inquired about the Fitness Center and the Twelve Bridges traffic. Mayor Pearl inquired as to the Hwy. 193 traffic update with staff responding.

20. ADJOURNMENT

The meeting was adjourned at 7:23 pm to the Regular City Council meeting on April 28th, 2026 at 6:00pm in the Council Chambers, 600 6th Street, Lincoln.

Respectfully submitted by Hope Ithurburn, City Clerk

________________________________________
Hope Ithurburn, City Clerk
10 SUBJECT:

Waive Full Reading and Adopt by Title Only an Ordinance of the City of Lincoln Amending Certain Sections of Lincoln Municipal Code Chapter 3.24 Contracts and Purchasing and Chapter 3.26 Public Projects Subject to the Public Contract Code. (Nita Wracker)
SUBMITTED BY:

Nita Wracker
DEPARTMENT:

Finance
DATE:

April 28, 2026

Item Number 13.B

STAFF RECOMMENDATION:

Staff recommend the City Council of the City of Lincoln waive the second reading and adopt by title only, an ordinance of the City of Lincoln amending certain sections of the Lincoln Municipal Code Chapter 3.24 – Contracts and Purchasing and Chapter 3.26 – Public Projects Subject to the Public Contract Code,
and further finding the Ordinance is exempt from
environmental review under the California Environmental Quality Act (CEQA) .

BACKGROUND/INTRODUCTION:

On April 14, 2026, the City Council help a public hearing, waived the first reading, and introduced by title only an Ordinance amending certain sections of Lincoln Municipal Code Chapter 3.24 - Contracts and Purchasing as Chapter 3.26 - Public Project Subject to the Public Contract Code, and finding the Ordinance was exempt from CEQA.

FINDINGS/ANALYSIS:

The second reading is necessary to enact the Ordinance.

ENVIRONMENTAL REVIEW:

This Ordinance is not subject to the California Environmental Quality Act (“CEQA”), as codified at Public Resources Code §§ 21000,
et seq
., and as further governed by 14 California Code
of Regulations §§ 15000,
et seq
., because it is not a project as contemplated by 14 C.C.R. § 15378. Even if this Ordinance were subject to CEQA, the City Council finds this Ordinance exempt from the requirements of CEQA pursuant to 14 C.C.R. § 15061(b)(3), because there is no possibility it will have a significant effect on the environment.

FISCAL IMPACT:

Adoption of these changes do not place an additional financial burden on the City.

ATTACHMENTS:

Purchasing_Code_updates_-_Ordinance__2026.doc

STAFF REPORT
11 Purchase_code_3.24_3.26_Ordinance_2026.docx
12 Ordinance No.

ORDINANCE XXXXB

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LINCOLN AMENDING CERTAIN SECTIONS OF CHAPTER 3.24 – CONTRACTS AND PURCHASING AND CHAPTER 3.26 – PUBLIC PROJECTS SUBJECT TO THE PUBLIC CONTRACT

CODE AND FINDING THE ORDINANCE IS EXEMPT FROM ENVIRONMENTAL

REVIEW UNDER CEQA

WHEREAS, Lincoln Municipal Code Chapter 3.24 – Contracts and Purchasing was originally enacted in 1988 (Ordinance 515B) and has been amended in 1993 (Ordinance 599B), 2001 (Ordinance 711B), 2019 (Ordinance 983B), 2020 (Ordina nce 1012B) and i t was repealed in re -enacted in 2022 (Ordinance 1049B). Chapter 3.26 – Public Projects Subject to the Public Contract Code was originally enacted in 1988 (Ordinance 515B), and has been amended in 1993 (Ordinance 596B), 2001 (Ordinance 711B), 2019 (Ordinance 983B), and it was repealed in re -enacted in 2022 (Ordinance 1049B); and

WHEREAS, it is a good practice to review and revise the Chapters 3.24 - Contracts and Purchasing as Chapter 3.26 - Public Project Subject to the Public Contract Code to update purchasing limits and processes in line with federal standards and government code; and
WHEREAS, the City complies with Office of Management and Budget (OMB) 2 CFR 200 et seq. and Federal Acquisition Regulation (FAR) 48 CFR, Government Code sections 1090, 54202, 54203, 65402, 65401, Section 22000 et seq. of the Public Contract Code, 20101 of the California Public Contract Code; WHEREAS, revisions have been made to bring authorization thresholds closer to those allowed by Federal Acquisition Regul ation, to provid e clean up and edits to certain sections, and to ensure the city remains compliant with changes in laws and regulations.

NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF LINCOLN does ordain as follows:

Section 1 . Incorporation of Recital s. The City Council hereby incorporates by reference the recitals set forth above.

Section 2. CEQA Analysis. This Ordinance is not subject to the California Environmental Quality Act (“CEQA”), as codified at Public Resources Code §§ 21000, et seq., and as further gove rned by 14 California Code of Regulations §§ 15000, et seq., because it is not a project as contemplated by 14 C.C.R. § 15378. Even if this Ordinance were subject to CEQA, the City Council finds this Ordinance exempt from the requirements of CEQA pursuant to 14 C.C.R. § 15061(b)(3), because there is no possibility it will have a significant effect on the environment.

Section 3. Severability. If any section, sub -section, sentence, clause, phrase or portion of this Ordinance is for any rea son held to be i nvalid or unconstitutional by the decision of any court of competent jurisdiction, such decision shall not affect the validity 13 Ordinance No.

of the remaining portions of the Ordinance. City Council hereby declares that it would have adopted the Ordinance and each section, sub-section, sentence, clause, phrase or portion thereof, irrespective of the fact that any one or more sections, sub -sections, sentences, clauses, phrases or portions to be declared invalid or unconstitutional.

Section 4. Publication. Within fifteen days of passage of this Ordinance, the City Clerk shall cause the full text of the Ordinance, with the names of those City Councilmembers voting for and against the Ordinance, to be published in the Lincoln News Messenger. In lieu of publi shing the full text of the Ordinance, the City Clerk, if so directed by the City Attorney and within fifteen days, shall cause a summary of the Ordinance, prepared by the City Attorney and with the names of the City Councilmembers voting for and against th e Ordinance, to be published in the Lincoln News Messenger, and shall post in the office of the City Clerk a certified copy of the City Councilmembers voting for and against the Ordinance. The publication of a summary of the Ordinance in lieu of the full t ext of the Ordinance is authorized only where the requirements of Government Code § 36933(c)(1) are met.

Section 5. Amendment. Lincoln Municipal Code Chapter 3.24 is hereby amended per the attached.

Section 6. Amendment. Lincoln Municipal Code Chapter 3.26 is hereby a mended per the attached.

INTRODUCED at a regular meeting of the City Council of the City of Lincoln held on April 14, 2026, by the following vote:

AYES: Councilmembers: Andreatta, Brown, Eklund, Pearl, Reedy NOES: Councilmembers:

ABSENT: Councilmembers:

ABSTAIN: Councilmembers:

PASSED AND ADOPTED at a regular meeting of the City Council of the City of Lincoln held on 28th day of April, 2026, by the following vote:

AYES: Councilmembers:

NOES: Councilmembers:

ABSENT: Councilmembers:

ABSTAIN: Councilmembers:
_____
Richard Pearl, Mayor
ATTEST:

Hope Ithurburn, City Clerk
14 Lincoln, California Code of Ordinances

Title 3 ‐ REVENUE AND FINANCE
CHAPTER 3.24 CONTRACTS AND PURCHASING

CHAPTER 3.24 CONTRACTS AND PURCHASING

Article I. General

3.24.010 Purpose and intent.

The ordinance codified in this chapter is enacted pursuant to the provisions of Government Code Sections 54202 and 54203 to establish policies and procedures governing purchases of goods and procurement of services.

It is the city's policy to establish efficient policies for the purchase of goods, procurement of services, and construction of public works at the lowest possible cost commensurate with the quality needed; to exercise effective and efficient financial control over such transactions; to clearly define authority for the purchasing and contracting function; and to assure the quality of purchases, services, and public works.

3.24.015 Applicability.

The provisions of this chapter, as well as any applicable state or federal laws, shall apply to (1) the purchase of equipment, supplies, products or materials ("goods"), (2) the procurement of services, (3) the procurement of professional services; and (4) public works projects, funded by the City of Lincoln.

3.24.200 Standards of conduct and general requirements.

The provisions of this chapter, as well as any applicable state or federal laws, shall apply to all purchases funded by the City of Lincoln.

A. Fair Competition. City employees must discharge their duties impartially to assure fair and open competition for city business by responsible vendors. In addition, they shall conduct themselves in a manner that will create confidence in the integrity of the city's purchasing operations. City employees will treat all vendors equally and fairly.

B. Conflicts of Interest. No city council member, employee, officer, or agent of the city may participate in the selection, award, or administration of a contract if he or she has a real or apparent conflict of interest. A conflict of interest includes any circumstances under which the city council member, employee, officer, or agent, or any member of his or her immediate family, his or her partner, or an organization which employs or is about to employ any of those parties, has a financial interest in or a tangible personal benefit from a vendor considered for a contract. No officer, employee, or agent of the city may solicit or accept gratuities, favors, or anything of monetary value from vendors or parties to subcontracts. Disciplinary actions, up to and including termination for cause, will apply to any violation of these conflict of interest standards, in accordance with city policy, and/or, as applicable, a collective bargaining agreement, employment contract, or contract for services.

C. Economical Approach. All procurements must be undertaken in a manner that will avoid acquisition of unnecessary or duplicative items, which may include consideration of consolidating or breaking out procurements, lease alternatives, and other appropriate analysis to determine the most economical approach, subject to the limits of applicable law, including prohibitions against bid‐splitting. 15 Lincoln, California Code of Ordinances

D. Oversight. Each department must maintain oversight over its procurements to ensure that vendors perform in accordance with the terms, conditions, and specifications of the contracts or purchase orders.

E. Dispute Resolution. Any and all protests, disputes, claims, and the like, arising from a procurement will be addressed promptly in accordance with good administrative practice and so und business judgment, and in compliance with all applicable legal or contractual requirements.

F. Specifications. All procurement solicitations should incorporate a clear and accurate description of the technical requirements or functions of the goods or services to be procured. However, such descriptions should not be drafted to unduly restrict competition among qualified vendors.

G. Business License. Pursuant to Municipal Code Chapter 5.04, Business Tax Certification, vendors are required to obtain a City of Lincoln business license if the vendor is conducting business in the city whether or not they are located in the city limits. This requirement may be waived by the city manager or designee when determined to not be applicable to the type of business being conducted by the vendor.

H. Legal Compliance and Interpretation. All city procurements subject to state or federal laws will be made in compliance with currently applicable state or federal laws and regulations. To the extent there is any conflict or inconsistency between such state or federal law or regulation, the more restrictive requirements will apply.

3.24.250 Exempt contracts.

Except as set forth below, and notwithstanding any other provision of law, the following purchases or contracts shall not be subject to this chapter:

A. Annual Membership Dues. Membership dues for professional and civic organizations to which the city is a member, including, without limitation, the League of California Cities, the Chamber of Commerce, and such similar professional and civic organizations that may charge an annual or other membership fee. Such contracts may be entered into and/or membership fees paid at the direction of the city manager, without prior city council approval, provided there is adequate funding allocated in the city budget.

B. Public Works Contracts. Contracts for public projects (public works) governed by the California Public Contracts Code, except that the provisions in this Chapter 3.26 of the Lincoln Municipal Code shall apply to such contracts.

C. Any contract or purchase that is otherwise authorized to be made without competitive procurement under applicable provisions of the California Public Contract Code, Government Code, or other applicable federal or state laws.

D. When, upon the majority vote of all of the members of the City Council, it is determined that it is in the best interests of the City to suspend formal bidding procedures for any purchase or contract .

E. Provided there is adequate funding allocated in the city budget the following purchase are specifically exempt from the purchasing and contracting procedures set forth in this chapter: advertisement and notice, courier/delivery/messenger, insurance claims and premiums, medical payments, court fees, payments to other governmental units, petty cash replenishment, property rentals, subscriptions, trade circulars or books, travel expense/advance.

F. Pursuant to Public Contracting Code § 10335.5(c), the following contracted services are exempt from advertising and public bidding requirements, unless otherwise required by specific grant obligations which fund such services:

1. Contracts solely for the purpose of obtaining expert witnesses for litigation;

2. Contracts for legal defense, legal advice, or legal services; 16 Lincoln, California Code of Ordinances

3. Contracts that can only be performed by a public entity as defined in subdivision (b) of Section 605 of the Unemployment Insurance Code.

Contracts designated as exempt shall be subject to review and verification of exempt status by the City Attorney. Exempt contracts for temporary, short term, or emergency services may be approved and execute by the City Manager. Exempt contracts for long-term services or non-emergency services exceeding $50,000 shall be approved by the City Council.

Nothing in this section shall be interpreted to exempt the City from compliance with any competitive procurement requirement imposed by applicable federal or state law. Where such laws require competiti ve procedures, those requirements shall control.

3.24.030 Definitions.

The following terms, whenever used in this chapter, shall be construed as follows:
"Best value" means the best value to the city based on all factors, including: cost, contractor's ability, capacity or skill; ability to perform within the time required; character, integrity, reputation, judgment, experience and efficiency; quality of contractor's performance on previous purchases or contracts, if applicable; and the ability of the contractor to provide future maintenance, repair, parts and services, if necessary. "Bid" means a written offer, more formal than a quote, to furnish supplies, equipment, material, services or the construction of public works, in conformity with the specifications, delivery terms, and conditions required, at a guaranteed maximum cost.
"Bid bond" means financial security provided to guarantee that a bidder will enter into a contract with the city if a bid is awarded. It may be in the form of cash, cashier's check, certified check, or surety bond, in an amount not less than ten percent of the aggregate amount of the bid. "Goods" means supplies, equipment, and materials, including any and all articles, things or personal property furnished to or used by the city department or agency.
“Informal Competitive Process” shall include collecting a minimum of three (3) written quotes from qualified vendors.
"Professional services" means work performed by architectural, landscape architectural, engineering, environmental, land surveying, construction project management, and specialized professional services such as financial, economic, accounting, legal, (or administrative matters) lobbying firms, and by other specially trained persons. The selection of persons or firms to provide such professional services shall be on the basis of demonstrated competence and on the professional qualifications necessary for the satisfactory performance of the services required. Price may be considered after making a determination based upon professional qualifications.
"Public works project" means any of the following: (1) construction, reconstruction, erection, alteration, renovation, improvement, demolition, and repair work involving any publicly owned, leased, or operated facility; or (2) painting or repainting of any publicly owned, leased, or operated facility. A "public works project" does not include maintenance work. For purposes of this policy, "maintenance work" includes all of the following: (1) routine, recurring, and usual work for the preservation or protection of any publicly owned or publicly operated facility for its intended purposes; (2) minor repainting; (3) resurfacing of streets and highways at less than one inch; (4) landscape maintenance, including mowing, watering, trimming, pruning, planting, replacement of plants, and servicing of irrigation and sprinkler systems; or (5) work performed to keep, operate, and maintain publicly owned water, power, or waste disposal systems, including, but not limited to, dams, reservoirs , power plants, and electrical transmission lines of 230,000 volts and higher. (See Public Contract Code Section 22002). "Purchase order (PO)" means a document memorializing a purchase or service transaction with a vendor and/or authorizing the payment of funds for a purchase or service. "Quote" means a verbal or written promise from a vendor/contractor guaranteeing to provide certain goods, supplies, or services for a fixed price.
17 Lincoln, California Code of Ordinances

“Qualified Vendors” means vendors previously identified through an RFQ proce ss. Qualified Vendors may also be identified as “on-call vendors”. Additionally, Qualified Vendors may be identified as vendors previously qualified through an RFP/RFQ process or who have conducted work previously for the city and are in good standing.
"Request for proposal" and "RFP" mean a solicitation for a competitive proposal that states the technical requirements for the services desired.
"Request for qualifications" and "RFQ" means a request seeking a written presentation of the professional qualifications and experience of a proposed contractor. "Services" means the furnishing of labor, time or effort (sometimes parts are included) to perform or complete a designated task. Some examples of services include janitorial, landscaping, pest control, and refuse disposal. The emphasis is on physical, rather than professional/intellectual capabilities. Services do not include public works projects, utility services, insurance services, professional services, services rendered by city officers or employees, or another governmental agency, or contractual services which are in their nature unique or not subject to competition.
"Vendor" means a supplier of goods, services or professional services.

3.24.040 Purchasing officer.

The city manager, or designee, shall be the city's purchasing officer, and generally supervises the purchasing and contracting functions described in this chapter. A summary of purchases and warrants shall be posted on the City’s website at least quarterly. The purchasing officer, or designee, is responsible for the overall administration of the policies codified in this chapter.

3.24.600 Authorization limits and competitive bid requirements.

The following authorization limits shall apply to All purchases except Public Works Projects, which are covered by the Public Contract Code section 20161, et seq.

A. Micro‐Purchases —$15,000 or Less.

1. Authority. A department manager, or designee, is authorized to purchase goods or services for an amount up to $15,000 if adequate funds have been appropriated by the city council in the budget.

2. Micro‐purchases (as defined by 2 CFR § 200.67 & FAR 48 CFR Subpart 2.1) shall be completed using simplified acquisition procedures. Micro‐purchases may be completed without soliciting competitive price or rate quotations, purchase card or Cal‐cards may be used for micro‐ purchases. The current micro‐purchase threshold is $15,000 and may be periodically adjusted for inflation by Federal Acquisition Regulation (FAR). Should an adjustment by FAR occur, the micro‐ purchase shall automatically be adjusted by the City without consideration of amendments to this chapter.

B. Open Market Purchases ‐ $15,000 and up to $50,000.

1. Authority. A department head, or designee, is authorized to purchase goods or services for an amount up to $50,000 if adequate funds have been appropriated by the city council in the budget.

2. Open Market Purchases may be completed using the informal solicitation process for purchases of $15,000 and up to $50,000. Informal Solicitation Processes includes acquiring oral or written competitive price or rate quotations. A minimum of three oral or written quotes is preferred however, in some situations, it may not be possible to obtain three quotes. The vendor offering the best value shall be selected. If the lowest price quote is not selected, the department shall document in the file the basis for the selection of the vendor. The purchase officer , or designee, may waive the requirement for bid solicitation, if waiving the requirement is in the best interest 18 Lincoln, California Code of Ordinances

of the city. The reason for the waiver of any purchasing requirement must be documented and retained by the department.

C. Purchases —$50,000 and up to $100,000.

1. Authority. The city manager, or designee, is authorized to purchase goods or services for an amount up to $100,000, if adequate funds have been appropriated by the city council in the budget.

2. Informal competitive process. —For purchases of $50,000 and up to $100,000, the department must complete an informal competitive process, in the manner set forth in this chapter, informal requests for proposals. A contract will be fully executed with signatures by the selected vendor and the contract administrator. The contract will be in a standardized forma t approved by the city attorney, unless an exception is made by the city attorney, and will be attested by the city clerk. City council may waive this process if they find by resolution that it is in the best interest of the city to do so or in the case of an emergency purchase.

D. Purchases exceeding $100,000.

1. Authority. Purchases exceeding $100,000 must be approved by the city council. City council appropriation of funds is required prior to or concurrently with city council approval.

2. Formal Bids—Competitive Sealed Bids. For purchases of more than $100,000, the department must seek competitive sealed bids, in the manner set forth under in this chapter, formal bids—competitive sealed bid process. A contract for goods will be fully executed with signatures by the selected vendor and the manager, or designee. The contract will be in a standardized format approved by the city attorney, unless an exception is made by the city attorney, and will be attested by the city clerk. City council may waive the formal biddin g requirement if they find by resolution that it is in the best interest of the city to do so or in the case of an emergency purchase.

E. Professional Services

1. The department using a professional may award a contract for services in accordance with the purchasing authorizations and limitations of this policy.

2. Authority. If adequate funds have been appropriated by the city council in the budget, department heads are authorized to procure professional services for an amount up to $50,000, and the city manager, or designee, is authorized to procure professional services for an amount up to $100,000. Professional services in excess of $100,000 require city council approval.

Amendments to contracts which result in the total contract amount to exceed the authority of the city manager or designee shall require city council approval.

3. No Competitive Bid Process. For the procurement of professional services by a department head in an amount of $50,000 or less, no competitive bid process or request for proposals is required, but the department shall endeavor to procure services at the lowest cost commensurate with the quality needed. The department shall retain evidence of the organizations that were considered and the reason for choosing the selected organization. The city’s terms and conditions shall be forwarded to selected vendor(s) for review and approval.

4. Informal Request for proposals. For procurement of professional services more than $50,000 and up to $100,000 by a department head, the department must perform an informal Request for proposals, in the manner set forth in this chapter. A contract for services will be fully executed with signatures by the selected vendor and the manager or designee. The contract for services will be in a standardized format approved by the city attorney, unless an exception is made by the city attorney, and will be attested by the city clerk. Any waiver of requirements included in this section shall be approved by the city council by resolution.

5. Authority. Purchases exceeding $100,000 must be approved by the city council. City council appropriation of funds is required prior to or concurrently with city council approval. 19 Lincoln, California Code of Ordinances

6. Formal Bids—Competitive Sealed Bids. For purchases of more than $100,000, the department must seek competitive sealed bids, in the manner set forth under in this chapter, formal bids— competitive sealed bid process. A contract for goods will be fully executed with signatures by the selected vendor and the manager, or designee. The contract will be in a standardized format approved by the city attorney, unless an exception is made by the city attorney, and will be attested by the city clerk. City council may waive the formal bidding requirement if they find by resolution that it is in the best interest of the city to do so or in the case of an emergency purchase.

F. Third Party Deposit Contracts.

1. Notwithstanding the above limits, the city manager, or designee, is authorized to execute a contract for professional services without city council approval if a third party, inc luding but limited to a developer or utility company has deposited funds sufficient to cover the full amount of the contract with the city (as verified by the director of finance or designee and community development director or designee), and such funds are held in a deposit account that restricts the use of the funds to pay for city‐managed professional services contracts. Any contract entered into pursuant to this paragraph shall be entered into in accordance with state law, city ordinances and adopted city policies, as applicable, including the same competitive process as would be required for a city‐funded contract for professional services. The selection of a contractor to provide professional services shall be on the basis of demonstrated competence and on the professional qualifications necessary for the satisfactory performance of the services required. Selection based upon price alone is prohibited; however, price is a factor that may be considered.

3.24.800 Formal bids—Competitive sealed bid process shall be used for purchases of more than $100,000, the limit for public works projects has been set forth in Chapter

3.26 Public Projects Bidding Procedures.

The formal bid (competitive sealed bid) process, shall proceed as described below:

A. Invitation and Notice. A bid invitation and the public notice inviting bids shall be issued and shall state the project to be done, including a general description of the work to be bid, where bidding forms and project documents, including final plans and specifications may be obtained, whether there will be a mandatory pre‐bid conference, site visit, etc. Public notice of the invitation for bids shall be given at least fifteen (15) calendar days prior to the date set for the opening of bids. Such notice may include a publication in a newspaper of general circulation within ten (10) days prior to bid opening. The public notice and all invitations to bid shall state the place, date and time of bid opening and shall state the date and time by which the bids are due and that the bid s should be submitted to the City Clerk or designee.

B. Bid Opening. Bids shall be opened publicly in the presence of one or more witnesses at the noticed place and not earlier than the time designated in the invitation for bids. The tabulation of all bids received shall be open to public inspection after the bid opening.

C. Bid Evaluation and Acceptance. Bids received at or prior to the time set for bid opening shall be unconditionally accepted without alteration or correction, except as authorized in this pol icy. Bids shall be evaluated to determine the lowest responsive and responsible bidder. The process includes a determination of: (1) which bidder is the lowest monetary bidder; (2) whether the lowest monetary bidder submitted a responsive bid; and (3) whether or not the lowest monetary bidder is responsible.

1. To be responsive, the bid must conform to the material terms of the bid package. The requirements set forth in the invitation for bids, which may include criteria to determine acceptability such as inspection, testing, quality, workmanship, delivery, and suitability for a particular purpose. Those criteria that will affect the bid price and be considered in evaluation for award shall be objectively measurable, such as discounts, transportation costs, and total or life 20 Lincoln, California Code of Ordinances

cycle costs. The invitation for bids shall set forth the evaluation criteria to be used. No criteria may be used in bid evaluations that are not set forth in the invitation for bids. City may waive any informality, irregularity, immaterial defects or technicalities in any response.

D. Correction or Withdrawal of Bids. Subject to any provisions of federal or state granting authorities to the contrary, correction or withdrawal of inadvertently erroneous bids before or after bid opening, or cancellation of awards or contracts based on such bid mistakes, shall be in accordance with this section. Mistakes discovered before bid opening may be modified or withdrawn by written notice received in the office designated in the invitation for bids prior to the time set for bid opening. After bid opening, no corrections to bid or provisions shall be permitted but, in lieu of bid correction, a low bidder alleging a material mistake of fact may be permitted to withdraw its bid if: (a) the mistake is clearly evident on the face of the bid document, or (b) the bidder submits evidence that clearly and convincingly demonstrates that a mistake was made. All decisions to permit the correction or withdrawal of bids shall be supported by a written determination made by t he city.

E. In addition to price, the lowest bidder must be a responsible bidder, meaning that the bidder must demonstrate the attributes of trustworthiness, quality, fitness, capacity and experience to satisfactorily perform the contract. Factors to be considered may include performance history, reliable financial information, bonding and insurance capacity, public works experience, personnel, litigation history, the ability, capacity, and skill to perform the contract, experience to perform the contract , the bidder must have the facilities and financial resources necessary to perform the contract within the time specified, without delay or interference; and, the bidder must have a record of satisfactory performance of prior contracts and a record of compliance with laws and ordinances applicable to the contract.

1. If a responsive bidder who otherwise would have been awarded a contract is found to not be responsible, a written determination of non‐responsibility, setting forth the basis of the finding, shall be prepared by the city manager, or designee. The unreasonable failure of a bidder to supply promptly information in connection with an inquiry with respect to responsibility may be grounds for a determination of the bidder not being responsible. A copy of the determination shall be sent promptly to the non‐responsible bidder and shall be made part of the contract file.

F. Award. The contract shall be awarded to the lowest responsive and responsible bidder. The process of selecting the lowest bidder includes a determination of which bidder is the lowest monetary bidde r, whether or not the lowest monetary bidder submitted a responsive bid, and whether or not the lowest monetary bidder is also a responsible bidder.

G. Cancellation of Invitations. An invitation for bids may be cancelled, or any or all bids or proposals may be rejected in whole or in part as may be specified in the solicitation. Each solicitation issued by the city shall state that the solicitation may be cancelled and that any bid or proposal may be rejected in whole or in part at the city's discretion with or without a showing of good cause.

H. Bonds.

1. The city may require a bid bond with any bid, or a performance bond before entering into a contract, in such amount as it finds reasonably necessary to protect the best interests of the city.

The form and amount of any bond shall be described in the notice inviting bids.

3.24.801 Informal Requests for proposal—Competitive process shall be used for purchases of more than $50,000 and up to $100,000.

The informal request for proposal process is as follows:

A. Should a Qualified Vendors list be available for the service or products to be procured, a notice requesting proposals ("RFP") may be issued to qualified vendors and include a general description of the services or products to be procured, shall state the form of proposal an d specifications and 21 Lincoln, California Code of Ordinances

the time and place for the delivery of proposals. Electronic notice of the informal RFP shall be given at least ten calendar days prior to the date set for the delivery of proposals.

B. If a Qualified Vendors list is not available, qualified vendors may be identified through online research, previous city contract work, referral from other departments or public agencies.

C. Evaluation Factors. The RFP shall identify all evaluation factors that will be used by the city, and the relative importance of the evaluation factors, including price.

D. Interviews with Responsible Vendors and Revisions to Proposals. The city may conduct interviews and negotiations with vendors whose proposals are responsive to the RFP, for the purpose of gaining full understanding of the proposal contents. Vendors shall be accorded fair and equal treatment with respect to any opportunity for discussion and revision of proposals. Such revisions may be permitted after submissions and prior to award for the purpose of obtaining best and final offers. In conducting discussions, there shall be no disclosure of the identity of competing vendors, or any information derived from proposals submitted by competing vendors.

E. Award. Award shall be made to the responsible vendor whose proposal is determined in writing to be the most advantageous to the city, taking into consideration the evaluation factors, including price, set forth in the RFP. No other factors or criteria shall be used in the evaluation. The contract file shall contain the basis on which the award is made. Notwithstanding this provision, services identified in government code section 4525 are exempt from this criteria.

3.24.910 Request for proposal—Competitive sealed proposal process shall be used for the procurement of general or professional services in an amount more than $75,000, excepting legal services.

The request for proposal competitive sealed proposal process ("RFP" process) is as follows:

A. Request for Proposals and Notice. A notice requesting proposals ("RFP") shall be issued and shall include a general description of the services to be procured, shall state where proposal forms and specifications may be obtained and the time and place for the delivery of proposals. Public notice of the RFP shall be given at least ten calendar days prior to the date set for the delivery of proposals.

B. Evaluation Factors. The RFP shall identify all evaluation factors that will be used by the city, and the relative importance of the evaluation factors, including price.

C. Interviews with Responsible Vendors and Revisions to Proposals. The city may conduct interviews and negotiations with vendors whose proposals are responsive to the RFP, for the purpose of gaining full understanding of the proposal contents. Vendors shall be accorded fair and equal treatment with respect to any opportunity for discussion and revision of proposals. Such revisions may be permitted after submissions and prior to award for the purpose of obtaining best and final offers. In conducting discussions, there shall be no disclosure of the identity of competing vendors, or a ny information derived from proposals submitted by competing vendors.

D. Award. Award shall be made to the responsible vendor whose proposal is determined in writing to be the most advantageous to the city, taking into consideration the evaluation factors, in cluding price, set forth in the RFP. No other factors or criteria shall be used in the evaluation. The contract file shall contain the basis on which the award is made.

E. Determination of Non‐responsibility; Cancellation of Invitations; Bonds. The provisions set forth under Section 3.24.080.E., formal bids—competitive sealed bid process, relating to determination of non‐ responsibility, cancellation of invitations, and bonds (except labor and materials bonds), shall apply to the RFP process.

F. Requests for Qualifications. A request for qualifications ("RFQ") is a document used to gather information from multiple companies to generate a pool of prospects. This short‐list identifies candidates which meet the desired qualifications. An RFQ shall include a general d escription of the 22 Lincoln, California Code of Ordinances

qualifications desired and the services to be procured, shall state where forms and further information may be obtained, and the time and place for the delivery of responses. Public notice of the RFQ shall be given at least ten calendar days prior to the date set for the delivery of responses.

3.24.100 Exceptions to formal and informal competitive process.

The solicitation and competitive processes identified in this chapter shall not apply in the following circumstances.

A. Sole or Limited Source (No Competitive Advantage by Soliciting Bids). A contract may be awarded without competition when the city determines in writing, after conducting a good faith review of available sources, that there is only one source for the required goods, service, or con struction item. In addition, in limited and unique circumstances, competitive bidding and/or the RFP process is not required when it would be impossible, or not in the public interest. This exception may apply when the purchase is for: (1) a specialized technology product or service, (2) an addition to, or repair or maintenance of, existing equipment which can be more efficiently added to, repaired or maintained by a particular company or manufacturer, or (3) equipment which must be compatible with existing equipment, by reason of the training of the personnel or an inventory of existing replacement parts kept by the city. In the case of contracts of $100,000 or less, this determination shall be made by the city manager and, in the case of contracts in the amount of more than $100,000, this determination shall be made by the city council. The city manager or designee shall conduct negotiations, as appropriate, as to price, delivery, and terms. A statement of the basis for the sole source determination shall be provided to the city clerk along with the fully‐executed contract.

C. Cooperative Purchasing/Procurement. The city is authorized to enter into cooperative purchasing/procurement arrangements with other governmental entities (i.e., joint power authorities) without separate competitive bidding by the city if a governmental agency has solicited bids and awarded a contract for the goods or services which the city desires to obtain, and participation in such a purchase is agreeable to the bidder awarded the contract and the city manager finds that participation in such group purchasing agreement is for the benefit of the city.

D. Piggyback Purchasing. Piggyback contracting occurs when one entity assigns the contractual rights it has in a contract to another. The city is authorized, without prior competitive bidding, to contract for the purchase of goods or procurement of services with vendors who have been awarded contracts by government agencies (such as other cities, counties, etc.), for the purchase of goods or se rvices under the competitive processes applicable to the government agency, within the past three years. In the case of contracts of $100,000 or less, this determination shall be made by the city manager and, in the case of contracts in the amount of more than $100,000, this determination shall be made by the city council. A contract directly between the city and the vendor is required for the purchase of goods or the procurement of services rendered through a piggyback purchasing arrangement, unless otherw ise approved by the city attorney.

3.24.110 Emergency Purchases.

Notwithstanding any other provisions of this chapter, the city may make emergency purchases of supplies, services, constructions items, etc. when there exists a threat to public health, welfare, or safety; provided that such emergency purchases shall be made with such competition as is practicable under the circumstances. A statement of the basis for the sole source determination shall be provided to the city clerk along with the fully executed contract. In the case of contracts or purchases less than $100,000, this determination shall be made by the city manager, and in the case of contacts or purchases in the amount of $100,000 or more, this determination shall be made retroactively by the city council.

3.24.115 Federal, State or Grant funded projects.
23 Lincoln, California Code of Ordinances

Any procurement made pursuant to a federal, state or grant award or subject to reimbursement, in whole or in part, must comply with the requirement stated in the funded award and the appli cable federal procurement requirements, including 2 CFR § 200 and or 48 CFR § 31. In the event of any conflict between federal, state, or grant requirements, the most stringent requirement must be used.

3.24.120 Recycled Products.

Under existing state law enforced through CalRecycle, the city is required to purchase paper products and printing and writing papers that contain recycled content (at least 30 percent, by fiber weight, postconsumer fiber) when it is available at no greater cost than non‐recycled products and if the fitness and quality are equal to non‐ recycled products. If possible and feasible, it is recommended to also select paper products that are recyclable.

This practice applies to all paper products, including but not limited to printing p aper, office paper, and janitorial paper products (toilet paper, paper towels, toilet seat covers, etc.). The city shall attempt to procure the highest postconsumer content practicable for other items including construction, landscaping, parks and recreati on, transportation, vehicles, miscellaneous, and other non‐paper office products.

3.24.125 General requirements.

The following general policies shall apply.

A. Procurement of goods or services shall be made by written contract, purchase order or purchase request form unless purchased utilizing a city purchase card/Cal Card or unless otherwise directed by the purchasing officer. Contracts shall be in a form approved by the city attorney, unless an exception is made by the city attorney.

B. Insurance. A vendor of services or professional services is required to provide insurance certificates and endorsements. Generally, the types of insurance, amount of coverage, and policy endorsements shall be consistent with the recommendations of NCCSIF third party insurance administrators. The city attorney may waive or reduce the insurance requirements.

C. Structuring and Splitting. The structuring or splitting of the purchases or projects for the purpose of evading the provisions of this chapter is prohibited.

D. City Attorney Contract Review. The city attorney shall approve all contracts in excess of $10,000, including amendments to contracts, as to form and legality prior to the execution of the contract by the authorized city official. City attorney approval on change orders to public works projects is not required, but may be requested, at the discretion of the city manager or department head responsible for the public works project.

E. Multi‐Year Contracts. Unless otherwise approved by the city council, a contract may be entered into for any period of time deemed to be in the best interest of the city; provided that the term of the contract and renewal provisions are included in the contract.

1. Contracts may contain auto‐renewal provisions, as approved by the city attorney. Funds must be appropriated prior to contract execution for the first fiscal year's obligation. The contract must allow the city to cancel the agreement without penalty if the city council does not appropriate funds after the first year of the contract.

2. Notwithstanding contract extensions, prior to a contract renewal beyond the initial term, departments must conduct new bid, solicitation for quotes, or RFP process for the goods, services or professional services, excluding legal services and financial software. The city manager may authorize an exception to this re‐bid requirement for good cause, which shall be documented and maintained by the department.

F. Encumbrance of Funds. Except in cases of emergency, or by order of the city council, purchase orders shall not be issued, unless there exists an unencumbered appropriation within the department's budget.
24 Lincoln, California Code of Ordinances

G. Recordkeeping. Each department is responsible for maintaining its own purchasing and contracting records, including RFP and bidding documentation, pursuant to the city's current record retention policy. Original wet signature or digitally signed contracts, along with a paper or electronic copy of RFP and bidding documentation, must be provided to the city clerk for safekeeping/recordkeeping purposes.

3.24.130 Disposition of surplus supplies, materials and equipment.

A. All city departments shall submit to the purchasing officer or designee, at such times and in such form as prescribed, reports showing all supplies, materials and equipment which are no longer needed, or which have become obsolete or worn out. The purchasing officer or designee shall have authority to sell all supplies, materials and equipment which cannot be used, or which have become unsuitable for city use, or to exchange the same for, or trade in the same on, new supplies, materials and equipment. The purchasing officer, or designee, has the authority to declare item(s) with a market value of less than $10,000 surplus.

For items valued in excess of $10,000 as such sales shall be made by solicitation of informal bids/written offers for purchase. If there are no bids, the property may be sold at private sale, donated to charity, or disposed of in the manner most economically beneficial to the city.

B. The amount received for any property sold pursuant to this chapter shall be deposited in the general fund or other fund so designated by the purchasing officer.

C. Except as provided by state code, the purchasing officer shall determine the disposition of unclaimed or abandoned property in the possession of the police department.

D. Notwithstanding the foregoing, the public safety chief may allow the sale of a police officer’s duty handgun to said officer at the time of his or her honorable retirement from city service, at the full replacement price of the handgun. The public safety chief shall determine an officer’s standing with the city at the time of the officer’s separation and will not permit the sale upon circumstances other than honorable retirement. No portion of this section shall supersede the officer’s need to meet all legal requirements to possess a firearm.

All transfer documents pertaining to the sale will be completed through a dealer in possession of a Federal Firearms License and all sale and transfer costs shall be paid by the retiring officer.

Notwithstanding the foregoing, the library may sell or trade surplus and donated library materials.

For this purpose, “Library Materials: shall include, but not be limited to, books, magazines, newspapers, maps, audiocassettes, audio discs (CDs), videocassettes, video discs (DVDs), and video games. Funds from the sale of library materials shall be deposited in the library’s miscellaneous revenue account and be used to purchase new library materials.

E. Prohibited Transactions ‐ In accordance with Government Code section 1090, all members of the City Council, any other elected City officials, and the City Manager are prohibited from purchasing surplus City real or personal property. Staff members generally are eligible to buy surplus City real or personal property noticed for sale on the same terms and conditions as those offered to members of the public, except that any City employee who actively participated in determining an item’s price, surplus status, or conditions of sale is prohibited from purchasing such items because the employee is deemed by law to hav e a prohibited interest in the sale. The City Manager, in consultation with legal counsel, will determine if an employee has a prohibited interest in an item of surplus property.

25 Lincoln, California Code of Ordinances

Title 3 ‐ REVENUE AND FINANCE
CHAPTER 3.24 ‐ CONTRACTS AND PURCHASING
Article III. Acquisition and Disposition of Interests in Real Property

Article II. Acquisition and Disposition of Interests in Real Property

3.24.280 Leases of real property.

A. City‐Owned Real Property. The city council shall be the authorizing authority for all leases and licenses of city‐owned property. If consideration for a lease or license is in excess of $1,000 per year, the property shall be leased or licensed by means of competitive proposals unless the city council finds that an award without competitive proposals is in the best interests of the city. If competitive proposals are solicited for leases or licenses of city‐owned property, the city shall have discretion to determine the proposal process and to determine the proposal which best meets the needs of the city, which may not necessarily be the highest priced proposal.

B. City Lease of Private Property.

1. Leases of private property by the city with a total lease amount of $100,000 or more shall be authorized by the council.

2. Leases of private property by the city with a total lease amount less than $100,000 may be authorized by the city manager.

3.24.290 Acquisition of real property.

The acquisition of real property, whether by negotiation, dedication, or eminent domain, shall be in accordance with state law.

3.24.300 Disposition of real property.

A. Procedures for the disposition of real property shall be in accordance with state law. In accordance with Section 65402(a) of the California Government Code, the council hereby determines that the provisions of that section shall not apply to:

1. The disposition of the remainder of a larger parcel which was acquired and used in part for street purposes;

2. Acquisitions, dispositions, or abandonments for street widening; or

3. Alignment projects, provided such dispositions for street purposes, acquisitions, dispositions, or abandonments for street widening or alignment projects are of a minor nature.

B. The report of the planning commission regarding the conformance of a capital improvement project with the general plan made pursuant to Section 65401 of the California Government Code shall also constitute the report required by Section 65402(a) of the California Government Code regarding each acquisition or disposition of real estate, street abandonment or vacation, or public building or structure included in that capital improvement project.
26 Lincoln, California Code of Ordinances

C. The disposition of real property shall be by competitive proposals unless the city council determines that disposition without competitive proposals is in the best interests of the city. If competitive proposals are solicited for the disposition of city‐owned property, the city shall have discretion to determine the proposal process and to determine the proposal which best meets the needs of the city, which may not necessarily be the highest priced proposal.

CHAPTER 3.26 PUBLIC PROJECTS SUBJECT TO THE PUBLIC CONTRACT CODE

3.26.010 Uniform Public Construction Cost Accounting Act.

The city elects to be subject to the Uniform Public Construction Cost Accounting Act as set forth in Section 22000 et seq. of the Public Contract Code (“Act”), and the uniform construction cost accounting procedures. "Public project" shall have the meaning provided in Section 22002(c) of the Act, as that section may be amended from time to time. A public project shall not include maintenance work as provided in Section 22002(d) of the Act.

3.26.200 Prequalification of bidders.

This section is enacted pursuant to Section 20101 of the California Public Contract Code, which enables the city to establish a system for prequalification of prospective bidders on public works construction and maintenance projects. In addition, pursuant to the city's general police powers under California Constitution Article 11, Section 7, the city desires to apply this process to the award of public works maintenance contracts in order to ensure that bidders are qualified to perform city public works ma intenance.

A. Prequalification of Bidders.

1. The city hereby establishes a system for prequalification of prospective bidders for public works construction and maintenance projects. The city may use the prequalification system identified in this section for any public works project.

2. The public works director is authorized to adopt and apply a uniform system of rating bidders for each project based on:
a. The requirements of Section 20101 of the California Public Contract Code; and b. The model guidelines and standardized questionnaire created by the state of California Department of Industrial Relations, as modified at the city’s discretion to address the needs of the particular project, or projects, to which they are to be applied. b. Notwithstanding the provisions of this section, the city may require prequalification of prospective bidders on any public works project or to engage in a program of prequalification of prospective bidders, on public works projects on a recurring basis as provided in Section 20101 of the California Public Contract Code.

3. If prequalification of prospective bidders is required for a particular project, the city shall determine which bidders are qualified to bid that project based upon the uniform system of rating bidders. If the city determines any bidder is not qualified to bid a project, a written or electronic notice will be provided that includes the basis for the determination and an identification of any supporting evidence therefor, and an opportunity for the bidder to appeal the determination. A copy of all prequalification determinations shall be filed with the city clerk at least ten days prior to the scheduled bid opening.

B. Appeals.

1. The appellant shall submit a written notice of appeal to the city clerk, along with a complete written description of all factual and legal bases for the appeal and accompanied by a fee in the amount established by resolution of the city council, no later than ten (10) days after the city has provided written notice of the determination. Should the appellant prevail in its appeal, the deposit shall be 27 Lincoln, California Code of Ordinances

returned to the appellant and the city shall bear the costs of the appeal. If the appellant does not prevail, the deposit shall be used to pay all costs associated with the appeal. If the deposit is insufficient to pay the entirety of the costs of the appeal, the appellant shall pay the remaining costs within thirty 30 days after the decision. Any failure by the appellant to timely pay any outstanding appeal costs, as required herein, shall be considered by the city in future prequalification proceedings.

2. Upon receipt of the request from the appellant, required deposit, and request for hearing, the hearing shall be conducted so that it is concluded no later than five (5) business days prior to the last date for the receipt of bids on the project or twenty (20) days following the city's receipt of the notice of appeal, whichever is sooner. The hearing shall be an informal process conducted by an arbitrator, who shall be an attorney experienced in public works and construction matters. The arbitrator may be selected by the mutual consent of the appellant and the city. If an agreement cannot be reached regarding the selection of the arbitrator, the appellant and the city shall each exchange a list of three arbitrators they would be willing to accept. In turn, beginning with the appellant, each party shall strike one name from the other party's list until only one name remains and that remaining person shall be the arbitrator. If the arbitrator selected is unavailable, the parties shall repeat the process until they succeed in selecting an available arbitrator.

3. At the hearing, the appellant and the city shall each be provided an opportunity to be represented by legal counsel and to present or rebut any evidence bearing upon the issues presented in the appeal.

Each party shall bear his, her, its, or their own attorneys' fees, regardless of the outcome of the appeal.

4. The arbitrator shall consider relevant evidence presented during the hearing and provide a written decision on the appeal to the city, with a copy to the city clerk, and the appellant within one business day after the close of the hearing. The time identified in this section for providing the arbitrator's decision may be extended only by consent of the city and the appellant and such an extension shall not affect or require a delay in a scheduled time for opening of bids for any public works project. Failur e by the arbitrator to render a timely decision shall be deemed a denial of the appeal.

5. The arbitrator's decision shall be final.

3.26.030 Public projects of $75,000 or less.

Public projects of $75,000 or less, or in such sum as may be authorized by California Public Contracts Code § 22032(a), may be performed by the employees of the city by force account, by negotiated contract or by purchase order.

3.26.400 Public projects of $220,000 or less.

Public projects of $220,000 or less, or in such sum as may be authorized by California Public Contracts Code § 22032(b), may be let to contract by informal procedures as set forth in Section 22034(a) of the Act to a list of qualified contractors.

1. The notice inviting informal bids shall describe the project in general terms, how to obtain more detailed information about the project, and state the time and place for the submission of bids.

2. The city council may delegate the authority to award informal contracts to the public works director, purchasing officer or city manager.

3. If all bids received are in excess of $220,000, the city council by passage of a resolution by a four‐fifths vote, award the contract, at $235,000, or less, or in such sum as may be authorized by California Public Contracts Code § 22034(d), to the lowest responsible bidder, if it determines the cost estimate of the city was reasonable.

28 Lincoln, California Code of Ordinances

3.26.050 Public projects of more than $220,000.

Public projects of more than $220,000, or in such sum as may be authorized by California Public Contracts Code § 22032(c), shall, except as otherwise provided in the Act, be let to contract by formal bidding procedure.

3.26.060 In Cases of Emergency.

In cases of emergency when repair or replacements are necessary, the governing body may proceed at once to replace or repair any facility without adopting plans, specifications, strain sheets, or working details, or giving notice for bids to let contracts. Notice for bids to let contracts will not be given § 22035(a).

3.26.070 Rejection of Bids.

In its discretion, the city may reject any bids present in accordance with Section 22038.

29 SUBJECT:

Adopt a Resolution Authorizing City Staff to Approve the 2026 Independence Day Fireworks Show on July 4, 2026, and
Fireworks Displays During Lincoln Potters' 2026 Season. (Doug Brown)
SUBMITTED BY:

Doug
Brown
DEPARTMENT:

Parks & Recreation
DATE:

April 28, 2026

Item Number 13.C

STAFF RECOMMENDATION:

Staff recommends that the City Council adopt a resolution authorizing City staff to approve the 2026 Independence Day Fireworks Show on July 4, 2026, funded by the Lincoln 4th of July Foundation. The resolution would also authorize fireworks displays funded by the Lincoln Potters on the following dates: May 23, 2026; May 30, 2026; June 13, 2026; and July 18, 2026.

All shows will take place at McBean Stadium and will use Pyro Spectaculars North, Inc. to provide pyrotechnic services.

BACKGROUND/INTRODUCTION:

Independence Day
– The annual fireworks show held on July 4 has been a long-standing tradition in the City of Lincoln (City). The display is a premier event not only for Lincoln residents, but also for surrounding communities, and has become a cherished family tradition for many in the area.

Lincoln Potters
– For several years, the Lincoln Potters have funded fireworks displays following select Friday and Saturday home games during their season. The Potters include these displays in their promotional calendar, as they add value to the game-day experience and enhance overall fan engagement. All Lincoln Potters fireworks displays must conclude by the 10:15 p.m. curfew.

FISCAL IMPACT:

None

ATTACHMENTS:

Resolution - Independence Day.docx

STAFF REPORT
30 31
Resolution No. 2026-XXX

RESOLUTION 2026-XXX

A RESOLUTION AUTHORIZING STAFF APPROVAL OF FIREWORKS DISPLAYS BEING REQUESTED BY THE LINCOLN 4TH OF JULY FOUNDATION AND THE LINCOLN POTTERS.

WHEREAS, the Independence Day fireworks display is a premier event for not only the City of Lincoln, but for surrounding communities and has long been a family tradition for many Lincoln residents; and

WHEREAS, the Lincoln Potter fireworks displays add value to their product and enhance the overall fan experience; and

WHEREAS, all fireworks displays are fully funded by the applicants making the request; and

WHEREAS, all requests, prior to final approval, are being fully reviewed by a City staffed Special Events & Incidents Committee (SEI) which includes most divisions of public service, recreation, police, and fire in order to minimize impacts to the community and to maximize public safety.

NOW, THEREFORE, BE IT RESOLVED, the City Council of the City of Lincoln hereby authorizes City staff to approve all fireworks displays being requested by the Lincoln 4th of July Committee and the Lincoln Potters.

PASSED AND ADOPTED this 28th day of April, 2026 by the following vote:

AYES: Councilmembers:

NOES: Councilmembers:

ABSENT: Councilmembers:

ABSTAIN: Councilmembers:

___________________________
Richard Pearl, Mayor

ATTEST:

Hope Ithurburn, City Clerk
32 SUBJECT:

Adopt a Resolution Authorizing the City Manager to Execute a Concession Services Agreement with The Barking Bun for
Operations at the Eleanor Carnesecca Softball Complex Within Foskett Regional Park. (Doug Brown)
SUBMITTED BY:

Doug
Brown
DEPARTMENT:

Parks & Recreation
DATE:

April 28, 2026

Item Number 13.D

STAFF RECOMMENDATION:

Staff recommends that the City Council adopt a resolution authorizing the City Manager to execute a concession services agreement with The Barking Bun for operations at the Eleanor Carnesecca Softball Complex within Foskett Regional Park.

The agreement will be for a three (3) year term, beginning May 18, 2026 and ending May 20, 2029, with an option to renew for up to two additional years upon mutual agreement of both parties. The Barking Bun will pay the City fifteen percent (15%) of gross sales.

BACKGROUND/INTRODUCTION:

Since opening in 2007, the Eleanor Carnesecca Softball Complex has been one of the Sacramento region’s premier destinations for baseball and softball tournaments. Concession services play an important role in enhancing the tournament experience for local residents and out-of-town visitors attending events at Foskett Regional Park.

Over the years, the City has contracted with third-party vendors to provide concession services. Past concessionaires have included Dugout Concessions (2007–2008), Beach Hut Deli (2009), Mi Ranchito Taqueria (2010), and Dave’s Dawgs (2011–2024).

Due to restrictions resulting from the COVID-19 pandemic, tournaments were not held in 2020. Restrictions were gradually lifted in 2021, and full tournament operations resumed by the summer season. In spring 2022, shortly after the start of the tournament season, ownership of Dave’s Dawgs changed. In spring 2024, the new owner passed away, and ownership transferred to the owner’s husband.

In spring 2025, with the tournament season approaching, the City made several attempts to contact Dave’s Dawgs to confirm concession services, but no response was received.

During this same period, Charles Lamb, owner of The Barking Bun, visited the Recreation

STAFF REPORT
33 Department office to inquire about vendor opportunities at special events. Once it became clear that Dave’s Dawgs would not be providing services for the 2025 tournament season, staff contacted Mr. Lamb and offered The Barking Bun the opportunity to serve as the concessionaire for the season.

The 2025 tournament season proved to be highly successful. With an expanded menu compared to previous vendors, concession sales were strong, and feedback from participants, attendees, and tournament organizers was overwhelmingly positive.

FISCAL IMPACT:

Annual General Fund revenue of approximately $10,000 to Fund 1000

ATTACHMENTS:

Resolution - Barking Bun.docx
Concession Services Agreement with Signature - The Barking Bun.pdf 34 Resolution No. 2026-XXX

RESOLUTION 2026-XXX

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LINCOLN APPROVING A

CONCESSION STAND USE AGREEMENT BETWEEN THE CITY OF LINCOLN AND

THE BARKING BUN FOR OPERATIONS AT FOSKETT REGIONAL PARK

WHEREAS, The City of Lincoln (“City”) owns and operates various public park facilities, including Foskett Regional Park located at 1911 Finney Way, Lincoln, California; and

WHEREAS, The City desires to provide food and beverage concession services to enhance the tournament experience for local residents and out of town visitors participating and attending baseball and softball tournaments hosted at Foskett Regional Park; and

WHEREAS, The Barking Bun (“Concessionaire”) has expressed interest in operating a concession stand at Foskett Regional Park under the terms and conditions set forth in a Concession Stand Use Agreement; and

WHEREAS, The proposed Concession Stand Use Agreement establishes the responsibilities of the Concessionaire, including compliance with ap plicable health and safety regulations, operational standards, insurance requirements, and payment terms; and

WHEREAS, The City Council finds that entering into the Concession Stand Use Agreement with The Barking Bun is in the best interest of the public and supports the recreational and community programming goals of the City.

NOW THEREFORE BE IT RESOLVED:

Section 1. Approval of Agreement. The City Council hereby approves the Concession Stand Use Agreement between the City of Lincoln and The Barking Bun for operation of the concession stand at Foskett Regional Park, located at 1911 Finney Way.

Section 2. Authorization of City Manager . The City Council authorizes the City Manager, or designee, to execute the Agreement on behalf of the City, including any minor or non -substantive administrative changes consistent with the intent of this Resolution.

Section 3. Effective Date . This Resolut ion shall take effect immediately upon its adoption.

PASSED AND ADOPTED this 28th day of April, 2026 by the following vote:
35 Resolution No. 2026-XXX

AYES: Councilmembers:

NOES: Councilmembers:

ABSENT: Councilmembers:

ABSTAIN: Councilmembers:

___________________________
Richard Pearl, Mayor

ATTEST:

Hope Ithurburn, City Clerk

36 37
38 39
40 41
SUBJECT:

Receive and File the City of Lincoln Quarterly Treasurer's Report. (Nita Wracker)
SUBMITTED BY:

Nita Wracker
DEPARTMENT:

Finance
DATE:

April 28, 2026

Item Number 13.E

STAFF RECOMMENDATION:

Receive the City’s Unaudited Treasurers Report for previous calendar quarter

in compliance
with Government Code Government Codes 53600.3, 53607 & 53630 through 53683 and as outlined in the City’s Investment Policy.

BACKGROUND/INTRODUCTION:

The City of Lincoln has four investment holdings:

US Bank- Under the care of PFM Investment Management who under the direction of the City Manager and Finance Director direct investment activity in order to both comply with the city’s investment policy, ensure fiscal sustainability and to maximize long-term earnings on behalf of the City. Funds in excess of the City’s immediate cash needs and reserves on hand (held in LAIF) are invested with PFM, held by US Bank.

OPEB Trust- A Section 115 Trust to fund the future retiree healthcare liability. Funds are currently invested with Public Agency Retirement Services (PARS), held by US Bank.

PARS Pension – A Section 115 Trust to contribute to the Unfunded Pension Liability.

Funds are currently invested with PARS, held by US Bank.

LAIF- Managed by the California State Treasurer, the City keeps the majority of its pooled cash within the LAIF account. This investment is fully liquid and serves as the City’s primary cash resource to cover City expenses in excess of funds held in the City’s general checking account.

FINDINGS/ANALYSIS:

The investment balances available are more than sufficient to allow the City to meet its expenditure obligations and requirements for the next six months. The attached reports comply with the City of Lincoln Investment Policy and the California Government Codes 53600.3, 53607 & 53630 through 53683.

ATTACHMENTS:

STAFF REPORT
42 Attachement A - Monthly Investment Activity Report.xlsx Attachment B - US Bank Mar. 2026.PDF
Attachment C - PARS Pension.PDF
Attachment D - PARS OPEB.PDF
43 CITY OF LINCOLN Investment Accounts Activity as of the quarter end.

Investments US Bank OPEB PARS Pension PARS LAIF Total
Beginning Balance 170,971,338.01$ 20,552,904.24$ 4,085,269.00$ 25,224,284.17$ 220,833,795.42$ Interest / Dividends Earned 671,747.85 55,432.24 11,058.70 - 738,238.79 Gains/(Losses) on Investment 294,660.60 - - - 294,660.60 Unrealized Gains/(Losses) on Investment (2,120,598.80) (963,114.71) (190,789.66) - (3,274,503.17) Net Accrued Income (124,864.97) 152.00 25.20 - (124,687.77) Fees (703.87) (7,169.88) (1,425.16) - (9,298.91)
Net Transfers - - - - -
Balance as of 3/31/26 169,691,578.82$ 19,638,203.89$ 3,904,138.08$ 25,224,284.17$ 218,458,204.96$ 44 CITY OF LINCOLN
ATTN: FINANCE DEPARTMENT
600 SIXTH STREET
LINCOLN, CA 95648
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CITY OF LINCOLN
This statement is for the period from March 1, 2026 to March 31, 2026 Questions?
If you have any questions regarding your account or this statement, please contact your Account Manager.

Account Manager:

ROYA KHAIRZADA
633 W. 5TH STREET, 24TH FLOOR
LOS ANGELES, CA 90071
Phone: 213-615-6804
E-mail: [email protected]

ATFTTTDDFDAAATFAADAAFAAFAAFDFTTDADTDDAATDAADFATTTDDTFDDTTATFFDFFD 000638155359126 S
45 Market And Cost Reconciliation 3
Cash Reconciliation 4
Asset Summary 5
Asset Detail 6
Income Accrual Detail 28
Investment Activity 39
Plan Expenses 51
Purchases 52
Sales And Maturities 58
Pending Trades 66
Broker Commissions 68
Bond Summary 69

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CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026
......................................................................................................................................................................... ............................................................................................................................................................................................ .................................................................................................................................................................................................... .......................................................................................................................................................................................................... ......................................................................................................................................................................................... ............................................................................................................................................................................................... ..................................................................................................................................................................................................... ............................................................................................................................................................................................................ ........................................................................................................................................................................................... ................................................................................................................................................................................................... ........................................................................................................................................................................................... ....................................................................................................................................................................................................

SchedulePage

TABLE OF CONTENTS
46 Interest 671,747.85 671,747.85
Realized Gain/Loss 294,660.60 294,660.60 Change In Unrealized Gain/Loss- 2,120,598.80.00
Net Accrued Income (Current-Prior)- 124,864.97- 124,864.97 Trust Fees- 703.87- 703.87

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CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026
03/31/202603/31/2026

MARKET BOOK VALUE
Beginning Market And Cost 170,971,338.01 166,783,308.93 Investment Activity
Total Investment Activity- 1,279,055.32841,543.48
Plan Expenses
Total Plan Expenses- 703.87- 703.87
Net Change In Market And Cost- 1,279,759.19 840,839.61 Ending Market And Cost 169,691,578.82 167,624,148.54

MARKET AND COST RECONCILIATION
47 Interest 671,747.85
Cash Equivalent Purchases- 3,866,672.67
Purchases- 12,937,733.06
Cash Equivalent Sales3,825,589.38
Sales/Maturities12,264,265.42
Trust Fees- 703.87

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CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026
Beginning Cash- 387,454.93
Investment Activity
Total Investment Activity- 42,803.08
Plan Expenses
Total Plan Expenses- 703.87
Net Change In Cash- 43,506.95
Ending Cash- 430,961.88

CASH RECONCILIATION
48 Assetpercentagesarecalculatedforpositivemarketvaluesonly.

EstimatedAnnualIncomeisanestimateprovidedforinformationalpurposesonly andshouldnotbereliedonformakinginvestment,trading,ortaxdecisions.The estimatesmaynotrepresenttheactualvalueearnedbyyourinvestmentsand theyprovidenoguaranteeofwhatyourinvestmentsmayearninthefuture.

Cash And Equivalents- 8,322.23- 8,322.23 0.00
U.S. Government Issues 101,410,783.05 99,649,750.12 59.76 Corporate Issues 64,619,448.76 64,324,074.91 38.08 Foreign Issues 2,587,914.50 2,576,891.00 1.52 Accrued Income 1,081,754.74 1,081,754.74 0.64

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CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026
03/31/202603/31/2026% OF

ASSETSMARKETBOOK VALUEMARKET
Total Assets 168,609,824.08 166,542,393.80 99.36 Grand Total 169,691,578.82 167,624,148.54 100.00 Estimated Annual Income 6,582,848.93

ASSET SUMMARY

ASSET SUMMARY MESSAGES
BONDS
49 First Am Govt 422,639.650 422,639.65 422,639.65.001,808.57 3.27 Ob Fd Cl Y1.0000.00
31846V203 Asset Minor Code 1
Pending Cash- 430,961.88- 430,961.88
F N M A Gtd 817,002.910 807,689.08 763,865.8143,823.272,092.21 3.11 Remic 3.073% 6/25/2798.8600- 1,488.83
Standard & Poors Rating: N/A
Moodys Rating: N/A
3136AX7E9 Asset Minor Code 30
F N M A Gtd 1,066,276.310 1,053,385.03 992,928.1660,456.872,635.48 3.00 Remic 2.966% 9/25/2798.7910- 1,894.10
Standard & Poors Rating: N/A
Moodys Rating: N/A
3136AY6X6 Asset Minor Code 30

Period from March 1, 2026 to March 31, 2026

UNREALIZED

GAIN (LOSS)

SHARES/MARKETSINCE INCEPTION/ENDINGYIELD ON

FACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODACCRUALMARKET Money Markets
Total Money Markets 422,639.650 422,639.65 422,639.65.001,808.57 3.26 .00
Cash
Total Cash.000- 430,961.88- 430,961.88.00.00 0.00
.00
Total Cash And Equivalents 422,639.650- 8,322.23- 8,322.23.001,808.57-165.97 .00
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ASSET DETAIL

DESCRIPTION
Cash And Equivalents
US Government Issues
50 F N M A Gtd 1,351,847.830 1,350,604.13 1,328,929.7821,674.354,713.44 4.19 Remic 4.184% 7/25/2899.9080- 14,063.30
Standard & Poors Rating: N/A
Moodys Rating: N/A
3136BQDE6 Asset Minor Code 30
F H L M C 760,891.640 756,721.95 722,847.0633,874.892,164.10 3.43 Mltcl Mtg 3.413% 12/25/2699.4520- 848.43
Standard & Poors Rating: N/A
Moodys Rating: N/A
3137BUX60 Asset Minor Code 30
F H L M C 885,000.000 875,645.55 828,892.3846,753.172,355.58 3.23 Mltcl Mt 3.194% 7/25/2798.9430- 2,690.40
Standard & Poors Rating: N/A
Moodys Rating: Aaa
3137FAWS3 Asset Minor Code 30
F H L M C 993,268.100 984,020.77 924,049.7359,971.042,979.80 3.63 Mltcl Mt 3.600% 1/25/2899.0690- 6,919.74
Standard & Poors Rating: N/A
Moodys Rating: N/A
3137F4D41 Asset Minor Code 30
F H L M C 1,500,000.000 1,516,755.00 1,501,289.0615,465.946,023.75 4.77 Mltcl 4.819% 6/25/28 101.1170- 15,150.00 Standard & Poors Rating: N/A
Moodys Rating: N/A
3137HACX2 Asset Minor Code 30
F H L M C 1,489,240.420 1,497,833.34 1,489,203.168,630.185,928.40 4.75 Mltcl Mt 4.777% 6/25/28 100.5770- 3,343.70 Standard & Poors Rating: N/A
Moodys Rating: N/A
3137HAD45 Asset Minor Code 30
F H L M C 1,500,000.000 1,515,120.00 1,477,810.5037,309.505,812.50 4.60 Mltcl Mtg 4.650% 8/25/28 101.0080- 15,675.00 Standard & Poors Rating: N/A
Moodys Rating: N/A
3137HAMH6 Asset Minor Code 30

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UNREALIZED

GAIN (LOSS)

SHARES/MARKETSINCE INCEPTION/ENDINGYIELD ON

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODACCRUALMARKET ASSET DETAIL (continued)
51 F H L M C 1,400,000.000 1,415,050.00 1,369,289.6045,760.405,530.00 4.69 Mltcl 4.740% 8/25/28 101.0750- 15,358.00 Standard & Poors Rating: N/A
Moodys Rating: N/A
3137HAQ74 Asset Minor Code 30
F H L M C 1,380,000.000 1,400,631.00 1,336,001.4664,629.545,577.50 4.78 Mltcl 4.850% 9/25/28 101.4950- 15,469.80 Standard & Poors Rating: N/A
Moodys Rating: N/A
3137HAST4 Asset Minor Code 30
F H L M C 1,095,000.000 1,104,504.60 1,105,948.91- 1,444.314,171.95 4.53 Mltcl Mtg 4.572% 12/25/28 100.8680- 12,559.65 Standard & Poors Rating: N/A
Moodys Rating: N/A
3137HBLV4 Asset Minor Code 30
F H L M C 670,000.000 683,520.60 668,063.0315,457.572,830.19 4.97 Mltcl 5.069% 10/25/28 102.0180- 8,107.00 Standard & Poors Rating: N/A
Moodys Rating: N/A
3137HB3D4 Asset Minor Code 30
F H L M C 1,055,000.000 1,071,436.90 1,051,968.9919,467.914,272.75 4.79 Mltcl Mtg 4.860% 10/25/28 101.5580- 12,575.60 Standard & Poors Rating: N/A
Moodys Rating: N/A
3137HB3G7 Asset Minor Code 30
F H L M C 1,000,000.000 1,025,140.00 1,009,570.3115,569.694,316.67 5.05 Mltcl Mtg 5.180% 3/25/29 102.5140- 13,720.00 Standard & Poors Rating: N/A
Moodys Rating: N/A
3137HCKV3 Asset Minor Code 30
F H L M C 1,370,000.000 1,383,782.20 1,382,814.98967.225,186.59 4.50 Mltcl Mtg 4.543% 7/25/29 101.0060- 20,139.00 Standard & Poors Rating: N/A
Moodys Rating: N/A
3137HDXL9 Asset Minor Code 30

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UNREALIZED

GAIN (LOSS)

SHARES/MARKETSINCE INCEPTION/ENDINGYIELD ON

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODACCRUALMARKET ASSET DETAIL (continued)
52 FHLMC Remic 535,000.000 539,836.40 545,689.30- 5,852.90401.96 4.47 Series 4.508% 6/25/29 100.9040- 7,864.50
Standard & Poors Rating: N/A
Moodys Rating: N/A
3137HFNZ4 Asset Minor Code 30
FHLMC Remic 535,000.000 538,177.90 534,981.283,196.62393.22 4.38 Series 4.410% 1/25/30 100.5940- 8,811.45
Standard & Poors Rating: N/A
Moodys Rating: N/A
3137HKXJ8 Asset Minor Code 30
F H L M C 2,000,000.000 2,005,980.00 2,007,890.63- 1,910.63.00 4.33 Mltcl 4.340% 9/25/30 100.2990- 1,910.63 Standard & Poors Rating: N/A
Moodys Rating: N/A
3137HNNC8 Asset Minor Code 30
F H L M C 980,000.000 986,193.60 994,669.62- 8,476.023,610.48 4.39 Mltcl 4.421% 5/25/30 100.6320- 16,709.00 Standard & Poors Rating: N/A
Moodys Rating: N/A
3137HN6B9 Asset Minor Code 30
F H L M C 890,000.000 882,657.50 889,967.96- 7,310.463,034.90 4.13 Mltcl 4.092% 11/25/3099.1750- 17,693.20
Standard & Poors Rating: N/A
Moodys Rating: N/A
3137HPEX7 Asset Minor Code 30
F H L M C 1,500,000.000 1,498,245.00 1,521,621.09- 23,376.095,275.00 4.22 Mltcl Mt 4.220% 12/25/3099.8830- 27,435.00
Standard & Poors Rating: N/A
Moodys Rating: N/A
3137HPUA9 Asset Minor Code 30
F H L M C 1,415,000.000 1,401,670.70 1,416,770.17- 15,099.474,799.21 4.11 Mltcl Mtg 4.070% 12/25/3099.0580- 28,455.65
Standard & Poors Rating: N/A
Moodys Rating: N/A
3137HPU50 Asset Minor Code 30

02573304
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CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

UNREALIZED

GAIN (LOSS)

SHARES/MARKETSINCE INCEPTION/ENDINGYIELD ON

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODACCRUALMARKET ASSET DETAIL (continued)
53 F H L M C 840,000.000 827,601.60 839,984.04- 12,382.44.00 0.00 Mltcl 0.00001% 1/25/3198.5240- 12,382.44
Standard & Poors Rating: N/A
Moodys Rating: N/A
3137HQSP7 Asset Minor Code 30
U S Treasury 4,000,000.000 3,796,400.00 3,378,437.50 417,962.508,397.79 0.53 Nt 0.500% 10/31/2794.9100- 16,400.00
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CAU5 Asset Minor Code 21
U S Treasury.000.00.00.00.00 0.00
Nt 1.250% 3/31/2895.1020- 74,460.94
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CBS9 Asset Minor Code 21
U S Treasury 1,380,000.000 1,306,901.40 1,199,144.53 107,756.875,781.59 1.32 Nt 1.250% 5/31/2894.7030- 9,756.60
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CCE9 Asset Minor Code 21
U S Treasury 450,000.000 425,322.00 386,121.0939,200.911,414.02 1.32 Nt 1.250% 6/30/2894.5160- 149,945.34
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CCH2 Asset Minor Code 21
U S Treasury 2,400,000.000 2,247,936.00 2,113,500.00 134,436.008,227.40 1.47 Nt 1.375% 12/31/2893.6640- 22,680.00
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CDP3 Asset Minor Code 21
U S Treasury 3,000,000.000 2,877,300.00 2,739,960.94 137,339.06194.67 2.48 Nt 2.375% 3/31/2995.9100- 33,060.00
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CEE7 Asset Minor Code 21

02573304
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CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

UNREALIZED

GAIN (LOSS)

SHARES/MARKETSINCE INCEPTION/ENDINGYIELD ON

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODACCRUALMARKET ASSET DETAIL (continued)
54 U S Treasury 1,000,000.000 972,190.00 956,757.8115,432.1912,071.82 2.96 Nt 2.875% 4/30/2997.2190- 11,950.00
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CEM9 Asset Minor Code 21
U S Treasury.000.00.00.00.00 0.00
Nt 2.750% 4/30/2798.9170- 16,893.28
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CEN7 Asset Minor Code 21
U S Treasury 1,000,000.000 981,840.00 979,570.312,269.698,169.89 3.31 Nt 3.250% 6/30/2998.1840- 12,930.00
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CEV9 Asset Minor Code 21
U S Treasury 2,000,000.000 1,923,600.00 1,915,312.508,287.508,701.66 2.73 Nt 2.625% 7/31/2996.1800- 25,700.00
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CFC0 Asset Minor Code 21
U S Treasury 3,000,000.000 3,000,240.00 2,958,398.4441,841.56317.62 3.87 Nt 3.875% 9/30/29 100.0080- 43,110.00
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CFL0 Asset Minor Code 21
U S Treasury 4,000,000.000 4,016,400.00 4,065,578.13- 49,178.13452.05 4.11 Nt 4.125% 9/30/27 100.4100- 14,590.93
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CFM8 Asset Minor Code 21
U S Treasury 2,715,000.000 2,725,805.70 2,711,833.0113,972.6945,600.00 3.98 Nt 4.000% 10/31/29 100.3980- 40,725.00
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CFT3 Asset Minor Code 21

02573304
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CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

UNREALIZED

GAIN (LOSS)

SHARES/MARKETSINCE INCEPTION/ENDINGYIELD ON

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODACCRUALMARKET ASSET DETAIL (continued)
55 U S Treasury 4,925,000.000 4,896,927.50 4,846,025.4050,902.1028,570.44 3.52 Nt 3.500% 1/31/2899.4300- 37,479.25
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CGH8 Asset Minor Code 21
U S Treasury 2,150,000.000 2,117,255.50 2,137,318.36- 20,062.8631,629.81 3.55 Nt 3.500% 4/30/3098.4770- 34,593.50
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CGZ8 Asset Minor Code 21
U S Treasury 3,550,000.000 3,528,380.50 3,527,224.611,155.8944,618.82 3.77 Nt 3.750% 5/31/3099.3910- 58,646.00
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CHF1 Asset Minor Code 21
U S Treasury 2,750,000.000 2,732,180.00 2,741,158.20- 8,978.2025,923.69 3.77 Nt 3.750% 6/30/3099.3520- 46,502.50
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CHJ3 Asset Minor Code 21
U S Treasury 1,250,000.000 1,273,925.00 1,269,433.594,491.41157.96 4.54 Nt 4.625% 9/30/28 101.9140- 14,112.50
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CJA0 Asset Minor Code 21
U S Treasury 2,115,000.000 2,168,953.65 2,158,621.8810,331.7743,293.23 4.75 Nt 4.875% 10/31/28 102.5510- 43,832.10
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CJF9 Asset Minor Code 21
United States 1,595,000.000 1,623,853.55 1,644,719.14- 20,865.5923,388.22 4.30 Treas 4.375% 11/30/30 101.8090- 35,910.90
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CJM4 Asset Minor Code 21

02573304
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CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

UNREALIZED

GAIN (LOSS)

SHARES/MARKETSINCE INCEPTION/ENDINGYIELD ON

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODACCRUALMARKET ASSET DETAIL (continued)
56 U S Treasury 4,200,000.000 4,219,026.00 4,209,027.349,998.6627,845.30 3.98 Nt 4.000% 1/31/29 100.4530- 51,198.00
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CJW2 Asset Minor Code 21
U S Treasury 2,500,000.000 2,532,425.00 2,546,582.03- 14,157.039,239.13 4.20 Nt 4.250% 2/28/31 101.2970- 14,157.03
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CKC4 Asset Minor Code 21
U S Treasury 4,100,000.000 4,169,331.00 4,103,527.3565,803.6544,720.89 4.30 Nt 4.375% 12/31/29 101.6910- 65,026.00
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CMD0 Asset Minor Code 21
U S Treasury 1,200,000.000 1,215,192.00 1,216,171.87- 979.878,453.04 4.20 Nt 4.250% 1/31/30 101.2660- 19,308.00
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CMG3 Asset Minor Code 21
U S Treasury 1,550,000.000 1,547,396.00 1,557,871.09- 10,475.099,955.11 3.88 Nt 3.875% 7/31/3099.8320- 42,340.72
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CNN7 Asset Minor Code 21
U S Treasury 1,575,000.000 1,555,375.50 1,569,401.36- 14,025.86155.99 3.67 Nt 3.625% 9/30/3098.7540- 27,688.50
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CPA3 Asset Minor Code 21
U S Treasury 2,450,000.000 2,429,126.00 2,455,443.36- 26,317.3615,227.90 3.78 Nt 3.750% 1/31/3199.1480- 45,766.00
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CPW5 Asset Minor Code 21

02573304
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CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

UNREALIZED

GAIN (LOSS)

SHARES/MARKETSINCE INCEPTION/ENDINGYIELD ON

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODACCRUALMARKET ASSET DETAIL (continued)
57 U S Treasury 1,660,000.000 1,654,688.00 1,656,109.38- 1,421.38.00 3.89 Nt 3.875% 3/31/3199.6800- 1,421.38
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CQG9 Asset Minor Code 21
U S Treasury.000.00.00.005,244.30 0.00
Nt 2.250% 8/15/2797.8910- 76,290.54
Standard & Poors Rating: N/A
Moodys Rating: Aa1
9128282R0 Asset Minor Code 21
U S Treasury 3,510,000.000 3,422,671.20 3,328,725.3893,945.8229,888.33 2.31 Nt 2.250% 11/15/2797.5120- 19,866.60
Standard & Poors Rating: N/A
Moodys Rating: Aa1
9128283F5 Asset Minor Code 21
U S Treasury 2,385,000.000 2,339,255.70 2,247,720.7091,535.008,153.14 2.80 Nt 2.750% 2/15/2898.0820- 17,243.55
Standard & Poors Rating: N/A
Moodys Rating: Aa1
9128283W8 Asset Minor Code 21
U S Treasury 3,850,000.000 3,782,933.00 3,675,246.09 107,686.9145,532.63 3.18 Nt 3.125% 11/15/2898.2580- 41,041.00
Standard & Poors Rating: N/A
Moodys Rating: Aa1
9128285M8 Asset Minor Code 21
U S Treasury 2,900,000.000 2,805,750.00 2,649,761.72 155,988.289,463.05 2.71 Nt 2.625% 2/15/2996.7500- 31,726.00
Standard & Poors Rating: N/A
Moodys Rating: Aa1
9128286B1 Asset Minor Code 21

02573304
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CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

UNREALIZED

GAIN (LOSS)

SHARES/MARKETSINCE INCEPTION/ENDINGYIELD ON

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODACCRUALMARKET Total US Government Issues 102,188,527.210 101,410,783.05 99,649,750.12 1,761,032.93 594,895.17 3.56 - 1,477,616.58
ASSET DETAIL (continued)
Corporate Issues
58 Abbvie Inc 1,700,000.000 1,688,576.00 1,700,323.00- 11,747.004,813.13 3.80

3.775% 3/03/2899.3280- 13,668.00
Standard & Poors Rating: A-
Moodys Rating: A2
00287YED7 Asset Minor Code 28
Adobe Inc 1,150,000.000 1,174,046.50 1,148,240.5025,806.0011,701.25 4.85

4.950% 1/17/30 102.0910- 14,869.50
Standard & Poors Rating: A+
Moodys Rating: A1
00724PAJ8 Asset Minor Code 28
Ally Auto 315,000.000 314,666.10 314,955.02- 288.92554.40 3.96

3.960% 3/15/3099.8940- 1,817.55
Standard & Poors Rating: AAA
Moodys Rating: N/A
02008KAC7 Asset Minor Code 31
Alphabet Inc 165,000.000 164,465.40 164,858.10- 392.702,575.26 3.89

3.875% 11/15/2899.6760- 1,737.45
Standard & Poors Rating: AA+
Moodys Rating: Aa2
02079KAV9 Asset Minor Code 28
Alphabet Inc 1,600,000.000 1,589,088.00 1,604,880.00- 15,792.0026,422.22 4.13

4.100% 11/15/3099.3180- 25,424.00
Standard & Poors Rating: AA+
Moodys Rating: Aa2
02079KAW7 Asset Minor Code 28
Amazon Com 900,000.000 893,367.00 898,560.00- 5,193.001,912.50 4.28 Inc 4.250% 3/13/3199.2630- 5,193.00
Standard & Poors Rating: AA
Moodys Rating: A1
023135DD5 Asset Minor Code 28
American 575,000.000 571,325.75 575,000.00- 3,674.253,265.66 4.03 Express 4.009% 2/09/2999.3610- 5,387.75
Standard & Poors Rating: A-
Moodys Rating: A2
025816EN5 Asset Minor Code 28

02573304
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CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

UNREALIZED

GAIN (LOSS)

SHARES/MARKETSINCE INCEPTION/ENDINGYIELD ON

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODACCRUALMARKET ASSET DETAIL (continued)
59 American 1,285,000.000 1,286,285.00 1,283,845.512,439.492,781.31 4.87 Express 4.870% 5/15/28 100.1000- 1,413.50 Standard & Poors Rating: AAA
Moodys Rating: N/A
02582JJZ4 Asset Minor Code 31
American 850,000.000 853,748.50 849,877.523,870.981,624.44 4.28 Express 4.300% 7/15/30 100.4410- 9,120.50 Standard & Poors Rating: AAA
Moodys Rating: N/A
02582JKV1 Asset Minor Code 31
Analog 500,000.000 470,465.00 423,880.0046,585.004,250.00 1.81 Devices Inc 1.700% 10/01/2894.0930- 4,590.00
Standard & Poors Rating: A-
Moodys Rating: A2
032654AU9 Asset Minor Code 28
Analog 1,200,000.000 1,203,780.00 1,206,732.00- 2,952.0015,900.00 4.49 Devices Inc 4.500% 6/15/30 100.3150- 23,412.00 Standard & Poors Rating: A-
Moodys Rating: A2
032654BE4 Asset Minor Code 28
Astrazeneca 1,510,000.000 1,483,771.30 1,507,297.10- 23,525.804,865.56 4.07 Finance 4.000% 3/02/3198.2630- 27,089.40
Standard & Poors Rating: A+
Moodys Rating: A1
04636NAQ6 Asset Minor Code 28
Bank Of 1,630,000.000 1,631,483.30 1,624,651.566,831.743,470.09 4.79 America 4.790% 5/15/28 100.0910- 1,809.30 Standard & Poors Rating: AAA
Moodys Rating: N/A
05522RDG0 Asset Minor Code 31
Bank Of 1,260,000.000 1,273,028.40 1,259,929.3113,099.092,760.80 4.88 America 4.930% 5/15/29 101.0340- 5,594.40 Standard & Poors Rating: AAA
Moodys Rating: Aaa
05522RDJ4 Asset Minor Code 31

02573304
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CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

UNREALIZED

GAIN (LOSS)

SHARES/MARKETSINCE INCEPTION/ENDINGYIELD ON

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODACCRUALMARKET ASSET DETAIL (continued)
60 Bmw US Cap 700,000.000 709,093.00 692,594.0016,499.004,909.72 4.99 LLC 5.050% 8/11/28 101.2990- 8,960.00
Standard & Poors Rating: A
Moodys Rating: A2
05565ECE3 Asset Minor Code 28
Bmw US Cap 945,000.000 947,768.85 952,134.75- 4,365.905,796.00 4.59 LLC 4.600% 8/13/27 100.2930- 7,011.90
Standard & Poors Rating: A
Moodys Rating: A2
05565ECQ6 Asset Minor Code 28
Bmw US Cap 600,000.000 593,238.00 599,814.00- 6,576.003,750.00 4.55 LLC 4.500% 8/11/3098.8730- 14,754.00
Standard & Poors Rating: A
Moodys Rating: A2
05565EDC6 Asset Minor Code 28
BofA Auto 225,000.000 225,641.25 224,984.48656.77299.06 4.34 Trust 20 4.350% 11/20/29 100.2850- 951.75
Standard & Poors Rating: N/A
Moodys Rating: Aaa
05594BAD8 Asset Minor Code 31
Bank Of 677,864.080 683,266.66 677,851.815,414.851,729.31 5.69 America 5.740% 6/15/28 100.7970- 2,253.52 Standard & Poors Rating: N/A
Moodys Rating: Aaa
06054YAC1 Asset Minor Code 31
Bank New York 1,525,000.000 1,535,842.75 1,527,836.508,006.2514,223.12 4.70 Mtn 4.729% 4/20/29 100.7110- 15,173.75
Standard & Poors Rating: AA-
Moodys Rating: Aa2
06405LAH4 Asset Minor Code 28
Bank New York 405,000.000 400,945.95 405,000.00- 4,054.053,125.18 4.07 Mtn 4.026% 1/22/3098.9990- 4,726.35
Standard & Poors Rating: A
Moodys Rating: Aa3
06406RCG0 Asset Minor Code 28

02573304
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CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

UNREALIZED

GAIN (LOSS)

SHARES/MARKETSINCE INCEPTION/ENDINGYIELD ON

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODACCRUALMARKET ASSET DETAIL (continued)
61 Blackrock 95,000.00096,476.3094,828.051,648.25210.85 4.63 Funding 4.700% 3/14/29 101.5540- 1,031.70 Standard & Poors Rating: AA-
Moodys Rating: Aa3
09290DAA9 Asset Minor Code 28
Bmw Vehicle 745,000.000 748,985.75 744,926.624,059.13602.21 4.82

4.850% 9/25/29 100.5350- 3,099.20
Standard & Poors Rating: AAA
Moodys Rating: Aaa
096924AD7 Asset Minor Code 31
Capital One 1,285,000.000 1,285,488.30 1,267,632.4217,855.882,524.31 4.42 Multi 4.420% 5/15/28 100.0380- 1,040.85
Standard & Poors Rating: AAA
Moodys Rating: N/A
14041NGD7 Asset Minor Code 31
Capital One 935,000.000 929,352.60 934,822.72- 5,470.121,587.42 3.84 Mlt 3.820% 9/16/3099.3960- 10,256.95
Standard & Poors Rating: AAA
Moodys Rating: N/A
14041NGF2 Asset Minor Code 31
Capital One 525,000.000 522,317.25 524,888.81- 2,571.56898.36 3.87 Prime 3.850% 7/15/3099.4890- 4,420.50
Standard & Poors Rating: AAA
Moodys Rating: N/A
14043YAD7 Asset Minor Code 31
Caterpillar 110,000.000 110,364.10 109,701.90662.202,205.73 4.36 Mtn 4.375% 8/16/29 100.3310- 1,845.80
Standard & Poors Rating: A
Moodys Rating: A2
14913UAQ3 Asset Minor Code 28
Caterpillar 205,000.000 203,081.20 204,926.20- 1,845.001,961.45 4.19 Finl Mtn 4.150% 1/08/3199.0640- 3,610.05
Standard & Poors Rating: A
Moodys Rating: A2
14913UBH2 Asset Minor Code 28

02573304
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CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

UNREALIZED

GAIN (LOSS)

SHARES/MARKETSINCE INCEPTION/ENDINGYIELD ON

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODACCRUALMARKET ASSET DETAIL (continued)
62 Cisco Sys Inc 1,000,000.000 1,018,310.00 999,650.0018,660.004,715.28 4.76

4.850% 2/26/29 101.8310- 11,520.00
Standard & Poors Rating: AA-
Moodys Rating: A1
17275RBR2 Asset Minor Code 28
Citibank N A 1,400,000.000 1,453,746.00 1,392,580.0061,166.00451.34 5.59 Sr 5.803% 9/29/28 103.8390- 12,502.00
Standard & Poors Rating: A+
Moodys Rating: Aa3
17325FBB3 Asset Minor Code 28
Citibank N A 1,140,000.000 1,157,772.60 1,146,954.0010,818.6018,984.42 4.84

4.914% 5/29/30 101.5590- 19,847.40
Standard & Poors Rating: A+
Moodys Rating: Aa3
17325FBP2 Asset Minor Code 28
Cummins Inc 80,000.00080,112.8079,944.00168.801,341.11 4.24

4.250% 5/09/28 100.1410- 701.60
Standard & Poors Rating: A
Moodys Rating: A2
231021AY2 Asset Minor Code 28
John Deere 440,000.000 435,824.40 439,903.20- 4,078.801,078.00 4.24 Mtn 4.200% 3/10/3199.0510- 4,078.80
Standard & Poors Rating: A
Moodys Rating: A1
24422EYL7 Asset Minor Code 28
Depository Tr 265,000.000 265,198.75 264,689.95508.80126.61 4.30 Co 4.300% 3/27/29 100.0750508.80
Standard & Poors Rating: AA+
Moodys Rating: Aa1
249672AC0 Asset Minor Code 28
Discover Card 1,565,000.000 1,568,239.55 1,565,733.592,505.963,429.09 4.92 Exe 4.930% 6/15/28 100.2070- 1,924.95
Standard & Poors Rating: AAA
Moodys Rating: Aaa
254683CZ6 Asset Minor Code 31

02573304
52- -01-B -62 -094-04
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CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

UNREALIZED

GAIN (LOSS)

SHARES/MARKETSINCE INCEPTION/ENDINGYIELD ON

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODACCRUALMARKET ASSET DETAIL (continued)
63 Ford Cr Auto 620,000.000 617,991.20 619,933.10- 1,941.901,077.42 3.92 Owner 3.910% 4/15/3099.6760- 4,867.00
Standard & Poors Rating: N/A
Moodys Rating: Aaa
34532BAG6 Asset Minor Code 31
Ford Cr Auto 610,000.000 608,048.00 609,883.43- 1,835.43480.38 4.06 Owner 4.050% 10/15/3099.6800- 1,835.43
Standard & Poors Rating: AAA
Moodys Rating: Aaa
34532WAD7 Asset Minor Code 31
Ford Credit 1,140,000.000 1,145,084.40 1,139,889.195,195.212,254.67 4.43 Auto 4.450% 10/15/29 100.4460- 7,581.00
Standard & Poors Rating: AAA
Moodys Rating: Aaa
34535KAD0 Asset Minor Code 31
Gm Financial 265,000.000 265,490.25 264,960.99529.26472.58 4.27 Consume 4.280% 4/16/30 100.1850- 1,563.50
Standard & Poors Rating: AAA
Moodys Rating: Aaa
362549AD9 Asset Minor Code 31
Goldman Sachs 1,400,000.000 1,395,492.00 1,353,009.0042,483.009,731.94 3.86 Group 3.850% 1/26/2799.6780- 4,004.00
Standard & Poors Rating: BBB+
Moodys Rating: A2
38141GWB6 Asset Minor Code 28
Hsbc USA Inc 1,140,000.000 1,147,102.20 1,139,959.207,143.0017,375.50 4.62

4.650% 6/03/28 100.6230- 12,118.20
Standard & Poors Rating: A-
Moodys Rating: A2
40428HR95 Asset Minor Code 28
Hershey Co 1,230,000.000 1,249,434.00 1,228,813.2020,620.806,004.79 4.68

4.750% 2/24/30 101.5800- 20,860.80
Standard & Poors Rating: A
Moodys Rating: A1
427866BL1 Asset Minor Code 28

02573304
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CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

UNREALIZED

GAIN (LOSS)

SHARES/MARKETSINCE INCEPTION/ENDINGYIELD ON

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODACCRUALMARKET ASSET DETAIL (continued)
64 Home Depot 1,400,000.000 1,375,990.00 1,284,290.0091,700.001,851.11 2.85 Inc 2.800% 9/14/2798.2850- 6,426.00
Standard & Poors Rating: A
Moodys Rating: A2
437076BT8 Asset Minor Code 28
Honda At Rec 640,000.000 636,684.80 639,876.10- 3,191.301,132.09 4.00 Ow Tr 3.980% 6/17/3099.4820- 7,436.80
Standard & Poors Rating: AAA
Moodys Rating: N/A
43814XAD5 Asset Minor Code 31
Honda Ar 375,000.000 371,891.25 374,940.26- 3,049.01.00 4.19 Owner Tr 4.158% 9/01/3099.1710- 3,877.50
Standard & Poors Rating: N/A
Moodys Rating: Aaa
43815CAD0 Asset Minor Code 31
Hyundai Auto 665,000.000 663,357.45 664,943.74- 1,586.291,179.27 4.00

3.990% 9/16/3099.7530- 6,423.90
Standard & Poors Rating: AAA
Moodys Rating: N/A
44891XAD9 Asset Minor Code 31
Hyundai Auto 435,000.000 431,324.25 434,970.64- 3,646.39732.73 3.82 Rec 3.790% 2/18/3199.1550- 4,798.05
Standard & Poors Rating: AAA
Moodys Rating: N/A
448981AD2 Asset Minor Code 31
Jpmorgan 310,000.000 312,083.20 310,000.002,083.202,958.36 4.95 Chase Co 4.979% 7/22/28 100.6720- 2,033.60 Standard & Poors Rating: A
Moodys Rating: A1
46647PEL6 Asset Minor Code 28
Kenvue Inc 1,200,000.000 1,218,312.00 1,228,812.00- 10,500.001,515.00 4.97

5.050% 3/22/28 101.5260- 10,392.00
Standard & Poors Rating: A
Moodys Rating: A2
49177JAF9 Asset Minor Code 28

02573304
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CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

UNREALIZED

GAIN (LOSS)

SHARES/MARKETSINCE INCEPTION/ENDINGYIELD ON

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODACCRUALMARKET ASSET DETAIL (continued)
65 Lehman Brth 1,000,000.000100.001.0099.00.00 0.10 Mtn Es 0.00001% 1/24/13.0100- 450.00
Standard & Poors Rating: N/A
Moodys Rating: N/A
525ESCIB7 Asset Minor Code 28
Mercedes Benz 1,040,000.000 1,026,916.80 1,039,864.80- 12,948.002,730.00 4.56

4.500% 3/10/3198.7420- 12,948.00
Standard & Poors Rating: A
Moodys Rating: A2
58769JBM8 Asset Minor Code 28
Mercedes Benz 1,000,000.000 1,007,790.00 1,006,679.691,110.312,124.44 4.74

4.780% 12/17/29 100.7790- 5,750.00
Standard & Poors Rating: N/A
Moodys Rating: Aaa
58773DAD6 Asset Minor Code 31
National 1,000,000.000 1,008,920.00 1,015,470.00- 6,550.002,133.33 4.76 Rural Mtn 4.800% 3/15/28 100.8920- 10,190.00 Standard & Poors Rating: A-
Moodys Rating: A2
63743HFG2 Asset Minor Code 28
National Secs 1,200,000.000 1,211,064.00 1,221,060.00- 9,996.0020,523.33 4.66

4.700% 5/20/30 100.9220- 23,952.00
Standard & Poors Rating: AA+
Moodys Rating: Aa1
637639AQ8 Asset Minor Code 28
Natixis Ny 1,000,000.000 1,006,490.00 1,000,000.006,490.0030,387.50 5.57 C D 5.610% 9/18/26 100.6490- 1,830.00
63873QP65 Asset Minor Code 28
Nissan Auto 156,976.570 157,910.58 156,944.70965.88413.72 5.89 Lease 5.930% 3/15/28 100.5950- 332.86
Standard & Poors Rating: N/A
Moodys Rating: Aaa
65480MAD5 Asset Minor Code 31

02573304
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CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

UNREALIZED

GAIN (LOSS)

SHARES/MARKETSINCE INCEPTION/ENDINGYIELD ON

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODACCRUALMARKET ASSET DETAIL (continued)
66 Northern Tr 1,000,000.000 998,810.00 1,009,660.00- 10,850.0015,666.67 4.00 Corp Sr 4.000% 5/10/2799.8810- 4,600.00
Standard & Poors Rating: A+
Moodys Rating: A2
665859AW4 Asset Minor Code 28
Novartis 1,780,000.000 1,760,170.80 1,774,660.00- 14,489.2029,597.44 4.15 Capital 4.100% 11/05/3098.8860- 31,559.40
Standard & Poors Rating: AA-
Moodys Rating: Aa3
66989HAY4 Asset Minor Code 28
Pepsico Inc 1,500,000.000 1,519,485.00 1,492,275.0027,210.0010,350.00 4.54

4.600% 2/07/30 101.2990- 22,830.00
Standard & Poors Rating: A+
Moodys Rating: A1
713448GB8 Asset Minor Code 28
Qualcomm Inc 850,000.000 854,955.50 853,570.001,385.5013,918.75 4.47

4.500% 5/20/30 100.5830- 11,985.00
Standard & Poors Rating: A
Moodys Rating: A2
747525BU6 Asset Minor Code 28
Salesforce 1,530,000.000 1,533,167.10 1,529,663.403,503.703,557.25 4.64 Inc 4.650% 3/15/29 100.20703,503.70
Standard & Poors Rating: A+
Moodys Rating: A2
79466LAR5 Asset Minor Code 28
Shell Fin US 350,000.000 346,566.50 348,656.00- 2,089.505,815.10 4.17 Inc 4.125% 11/06/3099.0190- 6,219.50
Standard & Poors Rating: A+
Moodys Rating: Aa2
822905AN5 Asset Minor Code 28
State Str 285,000.000 289,483.05 285,000.004,483.056,008.26 4.76 Corp 4.834% 4/24/30 101.5730- 4,104.00 Standard & Poors Rating: A
Moodys Rating: Aa3
857477DB6 Asset Minor Code 28

02573304
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0101 -11-03184-04

CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

UNREALIZED

GAIN (LOSS)

SHARES/MARKETSINCE INCEPTION/ENDINGYIELD ON

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODACCRUALMARKET ASSET DETAIL (continued)
67 Texas 1,100,000.000 1,082,114.00 1,032,438.0049,676.0013,114.44 2.95 Instruments 2.900% 11/03/2798.3740- 5,016.00
Standard & Poors Rating: A+
Moodys Rating: Aa3
882508BC7 Asset Minor Code 28
Totalenergies 845,000.000 837,200.65 845,000.00- 7,799.357,777.38 4.29 Cap 4.248% 1/13/3199.0770- 15,370.55
Standard & Poors Rating: A+
Moodys Rating: Aa3
89158TAA7 Asset Minor Code 28
Toyota Auto 1,040,000.000 1,032,480.80 1,039,880.40- 7,399.601,955.20 4.26

4.230% 6/17/3099.2770- 11,419.20
Standard & Poors Rating: AAA
Moodys Rating: N/A
89231GAD0 Asset Minor Code 31
Toyota Auto 575,000.000 577,150.50 574,967.052,183.451,219.00 4.75

4.770% 11/15/29 100.3740- 3,214.25
Standard & Poors Rating: AAA
Moodys Rating: N/A
89231HAD8 Asset Minor Code 31
Toyota Mtr 760,000.000 768,390.40 759,133.609,256.8013,781.33 4.75 Corp Mtn 4.800% 5/15/30 101.1040- 15,815.60 Standard & Poors Rating: A+
Moodys Rating: A1
89236TNJ0 Asset Minor Code 28
Toyota Mtr Cr 1,105,000.000 1,098,370.00 1,104,602.20- 6,232.202,237.63 4.07 Mtn 4.050% 3/13/2999.4000- 6,232.20
Standard & Poors Rating: A+
Moodys Rating: A1
89236TPQ2 Asset Minor Code 28
Toyota Auto 600,255.120 604,126.77 600,254.763,872.011,301.89 4.85 Rec Own 4.880% 3/15/29 100.6450- 1,638.76
Standard & Poors Rating: AAA
Moodys Rating: N/A
89237QAD2 Asset Minor Code 31

02573304
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CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

UNREALIZED

GAIN (LOSS)

SHARES/MARKETSINCE INCEPTION/ENDINGYIELD ON

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODACCRUALMARKET ASSET DETAIL (continued)
68 Toyota Lease 850,000.000 840,046.50 849,866.30- 9,819.801,105.64 4.31 Owner 4.257% 6/20/3098.8290- 12,248.50
Standard & Poors Rating: AAA
Moodys Rating: N/A
89240MAE4 Asset Minor Code 31
Truist Bk Sr 1,100,000.000 1,089,528.00 1,096,194.00- 6,666.0019,967.69 4.18 Mtn 4.136% 10/23/2999.0480- 11,869.00
Standard & Poors Rating: A
Moodys Rating: A3
89788JAH2 Asset Minor Code 28
Usaa Auto 365,000.000 364,189.70 364,967.95- 778.25640.78 3.96 Owner 3.950% 12/17/2999.7780- 2,398.05
Standard & Poors Rating: AAA
Moodys Rating: Aaa
90327HAC3 Asset Minor Code 31
Unitedhealth 1,230,000.000 1,222,324.80 1,250,325.80- 28,001.0017,192.67 3.72 Group 3.700% 5/15/2799.3760- 6,076.20
Standard & Poors Rating: A+
Moodys Rating: A2
91324PEG3 Asset Minor Code 28
Volkswagen 940,000.000 945,170.00 939,968.045,201.961,292.50 4.48 Auto Ln 4.500% 8/20/29 100.5500- 5,292.20
Standard & Poors Rating: N/A
Moodys Rating: Aaa
92868MAD1 Asset Minor Code 31
Walmart Inc 425,000.000 429,080.00 424,264.754,815.257,857.19 4.31

4.350% 4/28/30 100.9600- 5,027.75
Standard & Poors Rating: AA
Moodys Rating: Aa2
931142FN8 Asset Minor Code 28

02573304
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0101 -11-03184-04

CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

UNREALIZED

GAIN (LOSS)

SHARES/MARKETSINCE INCEPTION/ENDINGYIELD ON

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODACCRUALMARKET Total Corporate Issues 65,565,095.770 64,619,448.76 64,324,074.91 295,373.85 440,280.16 4.40 - 599,411.72
ASSET DETAIL (continued)
Foreign Issues
69 Cooperatieve 1,150,000.000 1,168,020.50 1,149,241.0018,779.5012,573.33 4.73 Mtn 4.800% 1/09/29 101.5670- 13,512.50
Standard & Poors Rating: A+
Moodys Rating: Aa2
21688ABC5 Asset Minor Code 35
National 1,400,000.000 1,419,894.00 1,427,650.00- 7,756.0015,189.07 4.87 Australia 4.944% 1/12/28 101.4210- 13,790.00 Standard & Poors Rating: AA-
Moodys Rating: Aa2
63253QAB0 Asset Minor Code 35
National Mtn.000.00.00.0017,008.44 0.00

3.905% 6/09/2799.7870- 16,268.00
Standard & Poors Rating: AA-
Moodys Rating: Aa2
63254ABE7 Asset Minor Code 35

02573304
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0101 -11-03184-04

CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

UNREALIZED

GAIN (LOSS)

SHARES/MARKETSINCE INCEPTION/ENDINGYIELD ON

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODACCRUALMARKET Total Foreign Issues 2,550,000.000 2,587,914.50 2,576,891.0011,023.5044,770.84 4.80 - 43,570.50
Total Assets 170,726,262.630 168,609,824.08 166,542,393.80 2,067,430.28 1,081,754.74 3.91 - 2,120,598.80
Accrued Income.000 1,081,754.74 1,081,754.74 Grand Total 170,726,262.630 169,691,578.82 167,624,148.54 ASSET DETAIL (continued)
70 Timeoftradeexecutionandtradingparty(ifnotdisclosed)willbeprovideduponrequest.

Publiclytradedassetsarevaluedinaccordancewithmarketquotationsorvaluationmethodologiesfromfinancialindustryservicesbelievedbyustobereliable.Assetsthatarenot publiclytradedmaybereflectedatvaluesfromotherexternalsources.Assetsforwhichacurrentvalueisnotavailablemaybereflectedatapreviousvalueorasnotvalued,atparvalue, oratanominalvalue.Valuesshowndonotnecessarilyreflectpricesatwhichassetscouldbeboughtorsold.Valuesareupdatedbasedoninternalpolicyandmaybeupdatedless frequentlythanstatementgeneration.

Forfurtherinformation,pleasecontactyouraccountmanagerorrelationshipmanager.

Weprovideacashmanagementadministrativeserviceforthetemporaryinvestmentofprincipalandincomebalancesinyouraccount.Thefeeforprovidingthisservicewillnotexceed $0.42permonthforeach$1,000oftheaveragedailybalanceinvestedunderthecashmanagementadministrativeservice.Thechargeforthisservicehasbeendeductedfromyour account.

YieldonMarketandAccruedIncomeareestimatesprovidedforinformationalpurposesonlyandshouldnotbereliedonformakinginvestment,trading,ortaxdecisions.Theestimates maynotrepresenttheactualvalueearnedbyyourinvestmentsandtheyprovidenoguaranteeofwhatyourinvestmentsmayearninthefuture.

Theassetcategoriesusedinthisstatementmaybegeneralinnature.Forexample,assetslistedunderthe"MutualFunds"categorymayincludeopen-endinvestmentcompanies registeredundertheInvestmentCompanyActof1940(whicharecommonlyknownas"mutualfunds")butmayalsoincludeclosed-endinvestmentcompanies,unitinvestmenttrusts, commontrustfunds,collectivetrustfundsorotherinvestmentsthatareregisteredwith(ornotsubjecttoregistrationwith)theSecuritiesandExchangeCommission.

02573304
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CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

ASSET DETAIL MESSAGES
71 422,639.650First Am Govt Ob Fd Cl Y 0.031,366.901,808.571,366.901,808.57 31846V20304/01/26
817,002.910F N M A Gtd Remic 3.073% 6/25/272,087.962,099.192,094.942,092.21 3136AX7E9
1,066,276.310F N M A Gtd Remic 2.966% 9/25/272,640.302,636.512,641.332,635.48 3136AY6X6
1,351,847.830F N M A Gtd Remic 4.184% 7/25/284,710.604,716.984,714.144,713.44 3136BQDE6
760,891.640F H L M C Mltcl Mtg 3.413% 12/25/262,169.572,164.102,169.572,164.10 3137BUX60
885,000.000F H L M C Mltcl Mt 3.194% 7/25/272,355.582,355.582,355.582,355.58 3137FAWS3
993,268.100F H L M C Mltcl Mt 3.600% 1/25/282,986.312,979.802,986.312,979.80 3137F4D41
1,500,000.000F H L M C Mltcl 4.819% 6/25/286,023.756,023.756,023.756,023.75 3137HACX2
1,489,240.420F H L M C Mltcl Mt 4.777% 6/25/285,939.665,928.425,939.685,928.40 3137HAD45
1,500,000.000F H L M C Mltcl Mtg 4.650% 8/25/285,812.505,812.505,812.505,812.50 3137HAMH6
1,400,000.000F H L M C Mltcl 4.740% 8/25/285,530.005,530.005,530.005,530.00 3137HAQ74
1,380,000.000F H L M C Mltcl 4.850% 9/25/285,577.505,577.505,577.505,577.50 3137HAST4

02573304
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CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

SHARES/EXPAYANNBEGINNINGINCOMEINCOMEENDING

FACE AMOUNTDESCRIPTIONDATEDATERATEACCRUALEARNEDRECEIVEDACCRUAL Cash And Equivalents
Total Cash And Equivalents1,366.901,808.571,366.901,808.57 US Government Issues

INCOME ACCRUAL DETAIL
72 1,095,000.000F H L M C Mltcl Mtg 4.572% 12/25/284,171.954,171.954,171.954,171.95 3137HBLV4
670,000.000F H L M C Mltcl 5.069% 10/25/282,830.192,830.192,830.192,830.19 3137HB3D4
1,055,000.000F H L M C Mltcl Mtg 4.860% 10/25/284,272.754,272.754,272.754,272.75 3137HB3G7
1,000,000.000F H L M C Mltcl Mtg 5.180% 3/25/294,316.674,316.674,316.674,316.67 3137HCKV3
1,370,000.000F H L M C Mltcl Mtg 4.543% 7/25/295,186.595,186.595,186.595,186.59 3137HDXL9
535,000.000FHLMC Remic Series 4.508% 6/25/29401.962,009.822,009.82401.96 3137HFNZ4
535,000.000FHLMC Remic Series 4.410% 1/25/30393.221,966.131,966.13393.22 3137HKXJ8
980,000.000F H L M C Mltcl 4.421% 5/25/303,610.483,610.483,610.483,610.48 3137HN6B9
890,000.000F H L M C Mltcl 4.092% 11/25/303,034.903,034.903,034.903,034.90 3137HPEX7
1,500,000.000F H L M C Mltcl Mt 4.220% 12/25/30.005,099.17- 175.835,275.00 3137HPUA9
1,415,000.000F H L M C Mltcl Mtg 4.070% 12/25/304,799.214,799.214,799.214,799.21 3137HPU50
840,000.000F H L M C Mltcl 0.00001% 1/25/31.00- 1,010.24- 1,010.24.00 3137HQSP7
4,000,000.000U S Treasury Nt 0.500% 10/31/276,685.081,712.71.008,397.79 91282CAU5
.000U S Treasury Nt 1.250% 3/31/284,358.5286.024,444.54.00 91282CBS9

02573304
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CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

SHARES/EXPAYANNBEGINNINGINCOMEINCOMEENDING

FACE AMOUNTDESCRIPTIONDATEDATERATEACCRUALEARNEDRECEIVEDACCRUAL INCOME ACCRUAL DETAIL (continued)
73 1,380,000.000U S Treasury Nt 1.250% 5/31/284,312.501,469.09.005,781.59 91282CCE9
450,000.000U S Treasury Nt 1.250% 6/30/284,143.651,123.963,853.591,414.02 91282CCH2
2,400,000.000U S Treasury Nt 1.375% 12/31/285,424.662,802.74.008,227.40 91282CDP3
3,000,000.000U S Treasury Nt 2.375% 3/31/2929,752.756,066.9235,625.00194.67 91282CEE7
.000U S Treasury Nt 2.500% 3/31/2711,483.5275.5411,559.06.00 91282CEF4
1,000,000.000U S Treasury Nt 2.875% 4/30/299,609.812,462.01.0012,071.82 91282CEM9
.000U S Treasury Nt 2.750% 4/30/279,191.99645.729,837.71.00 91282CEN7
1,000,000.000U S Treasury Nt 3.250% 6/30/295,386.742,783.15.008,169.89 91282CEV9
2,000,000.000U S Treasury Nt 2.625% 7/31/294,205.804,495.86.008,701.66 91282CFC0
3,000,000.000U S Treasury Nt 3.875% 9/30/2948,543.969,898.6658,125.00317.62 91282CFL0
4,000,000.000U S Treasury Nt 4.125% 9/30/27 103,068.4917,960.48 120,576.92452.05 91282CFM8
2,715,000.000U S Treasury Nt 4.000% 10/31/2936,300.009,300.00.0045,600.00 91282CFT3
4,925,000.000U S Treasury Nt 3.500% 1/31/2813,809.0514,761.39.0028,570.44 91282CGH8
2,150,000.000U S Treasury Nt 3.500% 4/30/3025,221.156,408.66.0031,629.81 91282CGZ8

02573304
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CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

SHARES/EXPAYANNBEGINNINGINCOMEINCOMEENDING

FACE AMOUNTDESCRIPTIONDATEDATERATEACCRUALEARNEDRECEIVEDACCRUAL INCOME ACCRUAL DETAIL (continued)
74 3,550,000.000U S Treasury Nt 3.750% 5/31/3033,281.2511,337.57.0044,618.82 91282CHF1
2,750,000.000U S Treasury Nt 3.750% 6/30/3017,092.548,831.15.0025,923.69 91282CHJ3
1,250,000.000U S Treasury Nt 4.625% 9/30/2824,141.484,922.7328,906.25157.96 91282CJA0
2,115,000.000U S Treasury Nt 4.875% 10/31/2852,551.0210,623.3219,881.1143,293.23 91282CJF9
1,595,000.000United States Treas 4.375% 11/30/3027,343.757,248.2011,203.7323,388.22 91282CJM4
4,200,000.000U S Treasury Nt 4.000% 1/31/2913,458.5614,386.74.0027,845.30 91282CJW2
2,500,000.000U S Treasury Nt 4.250% 2/28/31.004,330.84- 4,908.299,239.13 91282CKC4
.000U S Treasury Nt 4.250% 3/15/2736,957.98221.3037,179.28.00 91282CKE0
4,100,000.000U S Treasury Nt 4.375% 12/31/2929,486.3015,234.59.0044,720.89 91282CMD0
1,200,000.000U S Treasury Nt 4.250% 1/31/304,085.644,367.40.008,453.04 91282CMG3
1,550,000.000U S Treasury Nt 3.875% 7/31/309,312.856,240.685,598.429,955.11 91282CNN7
1,575,000.000U S Treasury Nt 3.625% 9/30/3023,841.354,861.5228,546.88155.99 91282CPA3
2,450,000.000U S Treasury Nt 3.750% 1/31/313,004.147,717.54- 4,506.2215,227.90 91282CPW5
.000U S Treasury Nt 2.250% 8/15/272,175.414,397.441,328.555,244.30 9128282R0

02573304
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CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

SHARES/EXPAYANNBEGINNINGINCOMEINCOMEENDING

FACE AMOUNTDESCRIPTIONDATEDATERATEACCRUALEARNEDRECEIVEDACCRUAL INCOME ACCRUAL DETAIL (continued)
75 3,510,000.000U S Treasury Nt 2.250% 11/15/2723,125.286,763.05.0029,888.33 9128283F5
2,385,000.000U S Treasury Nt 2.750% 2/15/282,536.535,616.61.008,153.14 9128283W8
3,850,000.000U S Treasury Nt 3.125% 11/15/2835,229.6310,303.00.0045,532.63 9128285M8
2,900,000.000U S Treasury Nt 2.625% 2/15/292,944.066,518.99.009,463.05 9128286B1
1,700,000.000Abbvie Inc 3.775% 3/03/28.004,813.13.004,813.13 00287YED7
1,150,000.000Adobe Inc 4.950% 1/17/306,957.504,743.75.0011,701.25 00724PAJ8
315,000.000Ally Auto 3.960% 3/15/30554.401,039.501,039.50554.40 02008KAC7
165,000.000Alphabet Inc 3.875% 11/15/282,042.45532.81.002,575.26 02079KAV9
1,600,000.000Alphabet Inc 4.100% 11/15/3020,955.565,466.66.0026,422.22 02079KAW7
900,000.000Amazon Com Inc 4.250% 3/13/31.001,912.50.001,912.50 023135DD5
575,000.000American Express 4.009% 2/09/291,344.691,920.97.003,265.66 025816EN5
1,285,000.000American Express 4.870% 5/15/282,781.315,214.965,214.962,781.31 02582JJZ4
850,000.000American Express 4.300% 7/15/301,624.443,045.833,045.831,624.44 02582JKV1

02573304
52- -01-B -62 -094-04
0101 -11-03184-04

CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

SHARES/EXPAYANNBEGINNINGINCOMEINCOMEENDING

FACE AMOUNTDESCRIPTIONDATEDATERATEACCRUALEARNEDRECEIVEDACCRUAL Total US Government Issues 740,917.09 302,087.53 448,109.45 594,895.17 Corporate Issues
INCOME ACCRUAL DETAIL (continued)
76 500,000.000Analog Devices Inc 1.700% 10/01/283,541.67708.33.004,250.00 032654AU9
1,200,000.000Analog Devices Inc 4.500% 6/15/3011,400.004,500.00.0015,900.00 032654BE4
1,510,000.000Astrazeneca Finance 4.000% 3/02/31.004,865.56.004,865.56 04636NAQ6
1,630,000.000Bank Of America 4.790% 5/15/283,470.096,506.426,506.423,470.09 05522RDG0
1,260,000.000Bank Of America 4.930% 5/15/292,760.805,176.505,176.502,760.80 05522RDJ4
700,000.000Bmw US Cap LLC 5.050% 8/11/281,963.892,945.83.004,909.72 05565ECE3
945,000.000Bmw US Cap LLC 4.600% 8/13/272,173.503,622.50.005,796.00 05565ECQ6
600,000.000Bmw US Cap LLC 4.500% 8/11/301,500.002,250.00.003,750.00 05565EDC6
225,000.000BofA Auto Trust 20 4.350% 11/20/29299.06815.63815.63299.06 05594BAD8
677,864.080Bank Of America 5.740% 6/15/281,895.983,388.293,554.961,729.31 06054YAC1
1,525,000.000Bank New York Mtn 4.729% 4/20/298,213.356,009.77.0014,223.12 06405LAH4
405,000.000Bank New York Mtn 4.026% 1/22/301,766.411,358.77.003,125.18 06406RCG0
95,000.000Blackrock Funding 4.700% 3/14/292,071.26372.092,232.50210.85 09290DAA9
745,000.000Bmw Vehicle 4.850% 9/25/29602.212,831.002,831.00602.21 096924AD7

02573304
52- -01-B -62 -094-04
0101 -11-03184-04

CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

SHARES/EXPAYANNBEGINNINGINCOMEINCOMEENDING

FACE AMOUNTDESCRIPTIONDATEDATERATEACCRUALEARNEDRECEIVEDACCRUAL INCOME ACCRUAL DETAIL (continued)
77 1,285,000.000Capital One Multi 4.420% 5/15/282,524.314,733.084,733.082,524.31 14041NGD7
935,000.000Capital One Mlt 3.820% 9/16/301,587.422,976.422,976.421,587.42 14041NGF2
525,000.000Capital One Prime 3.850% 7/15/30898.351,684.381,684.37898.36 14043YAD7
110,000.000Caterpillar Mtn 4.375% 8/16/291,804.69401.04.002,205.73 14913UAQ3
205,000.000Caterpillar Finl Mtn 4.150% 1/08/311,252.49708.96.001,961.45 14913UBH2
1,000,000.000Cisco Sys Inc 4.850% 2/26/29673.614,041.67.004,715.28 17275RBR2
1,400,000.000Citibank N A Sr 5.803% 9/29/2834,302.186,770.1640,621.00451.34 17325FBB3
1,140,000.000Citibank N A 4.914% 5/29/3014,316.124,668.30.0018,984.42 17325FBP2
80,000.000Cummins Inc 4.250% 5/09/281,057.78283.33.001,341.11 231021AY2
440,000.000John Deere Mtn 4.200% 3/10/31.001,078.00.001,078.00 24422EYL7
265,000.000Depository Tr Co 4.300% 3/27/29.00126.61.00126.61 249672AC0
1,565,000.000Discover Card Exe 4.930% 6/15/283,429.096,429.546,429.543,429.09 254683CZ6
620,000.000Ford Cr Auto Owner 3.910% 4/15/301,077.422,020.172,020.171,077.42 34532BAG6
610,000.000Ford Cr Auto Owner 4.050% 10/15/30.00480.38.00480.38 34532WAD7

02573304
52- -01-B -62 -094-04
0101 -11-03184-04

CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

SHARES/EXPAYANNBEGINNINGINCOMEINCOMEENDING

FACE AMOUNTDESCRIPTIONDATEDATERATEACCRUALEARNEDRECEIVEDACCRUAL INCOME ACCRUAL DETAIL (continued)
78 1,140,000.000Ford Credit Auto 4.450% 10/15/292,254.674,227.504,227.502,254.67 34535KAD0
265,000.000Gm Financial Consume 4.280% 4/16/30514.54903.21945.17472.58 362549AD9
1,400,000.000Goldman Sachs Group 3.850% 1/26/275,240.284,491.66.009,731.94 38141GWB6
1,140,000.000Hsbc USA Inc 4.650% 6/03/2812,958.004,417.50.0017,375.50 40428HR95
1,230,000.000Hershey Co 4.750% 2/24/301,136.044,868.75.006,004.79 427866BL1
1,400,000.000Home Depot Inc 2.800% 9/14/2718,184.443,266.6719,600.001,851.11 437076BT8
640,000.000Honda At Rec Ow Tr 3.980% 6/17/301,132.092,122.672,122.671,132.09 43814XAD5
375,000.000Honda Ar Owner Tr 4.158% 9/01/30.001,299.381,299.38.00 43815CAD0
665,000.000Hyundai Auto 3.990% 9/16/301,179.272,211.132,211.131,179.27 44891XAD9
435,000.000Hyundai Auto Rec 3.790% 2/18/31595.351,373.871,236.49732.73 448981AD2
310,000.000Jpmorgan Chase Co 4.979% 7/22/281,672.111,286.25.002,958.36 46647PEL6
1,200,000.000Kenvue Inc 5.050% 3/22/2826,765.005,050.0030,300.001,515.00 49177JAF9
1,040,000.000Mercedes Benz 4.500% 3/10/31.002,730.00.002,730.00 58769JBM8
1,000,000.000Mercedes Benz 4.780% 12/17/292,124.443,983.333,983.332,124.44 58773DAD6

02573304
52- -01-B -62 -094-04
0101 -11-03184-04

CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

SHARES/EXPAYANNBEGINNINGINCOMEINCOMEENDING

FACE AMOUNTDESCRIPTIONDATEDATERATEACCRUALEARNEDRECEIVEDACCRUAL INCOME ACCRUAL DETAIL (continued)
79 1,000,000.000National Rural Mtn 4.800% 3/15/2822,133.334,000.0024,000.002,133.33 63743HFG2
1,200,000.000National Secs 4.700% 5/20/3015,823.334,700.00.0020,523.33 637639AQ8
1,000,000.000Natixis Ny C D 5.610% 9/18/2625,556.674,830.83.0030,387.50 63873QP65
156,976.570Nissan Auto Lease 5.930% 3/15/28466.78822.15875.21413.72 65480MAD5
1,000,000.000Northern Tr Corp Sr 4.000% 5/10/2712,333.333,333.34.0015,666.67 665859AW4
1,780,000.000Novartis Capital 4.100% 11/05/3023,515.786,081.66.0029,597.44 66989HAY4
1,500,000.000Pepsico Inc 4.600% 2/07/304,600.005,750.00.0010,350.00 713448GB8
850,000.000Qualcomm Inc 4.500% 5/20/3010,731.253,187.50.0013,918.75 747525BU6
.000Roche Holdings Inc 2.314% 3/10/2716,487.2596.4216,583.67.00 771196BV3
1,530,000.000Salesforce Inc 4.650% 3/15/29.003,557.25.003,557.25 79466LAR5
.000Charles Schwab Corp 2.450% 3/03/2710,296.8157.8410,354.65.00 808513BY0
350,000.000Shell Fin US Inc 4.125% 11/06/304,611.981,203.12.005,815.10 822905AN5
285,000.000State Str Corp 4.834% 4/24/304,860.181,148.08.006,008.26 857477DB6
1,100,000.000Texas Instruments 2.900% 11/03/2710,456.112,658.33.0013,114.44 882508BC7

02573304
52- -01-B -62 -094-04
0101 -11-03184-04

CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

SHARES/EXPAYANNBEGINNINGINCOMEINCOMEENDING

FACE AMOUNTDESCRIPTIONDATEDATERATEACCRUALEARNEDRECEIVEDACCRUAL INCOME ACCRUAL DETAIL (continued)
80 845,000.000Totalenergies Cap 4.248% 1/13/314,786.082,991.30.007,777.38 89158TAA7
1,040,000.000Toyota Auto 4.230% 6/17/301,955.203,328.003,328.001,955.20 89231GAD0
575,000.000Toyota Auto 4.770% 11/15/291,219.002,079.582,079.581,219.00 89231HAD8
760,000.000Toyota Mtr Corp Mtn 4.800% 5/15/3010,741.333,040.00.0013,781.33 89236TNJ0
1,105,000.000Toyota Mtr Cr Mtn 4.050% 3/13/29.002,237.63.002,237.63 89236TPQ2
600,255.120Toyota Auto Rec Own 4.880% 3/15/291,489.672,313.222,501.001,301.89 89237QAD2
850,000.000Toyota Lease Owner 4.257% 6/20/30.004,121.023,015.381,105.64 89240MAE4
1,100,000.000Truist Bk Sr Mtn 4.136% 10/23/2916,176.363,791.33.0019,967.69 89788JAH2
365,000.000Usaa Auto Owner 3.950% 12/17/29640.781,201.461,201.46640.78 90327HAC3
1,230,000.000Unitedhealth Group 3.700% 5/15/2713,400.173,792.50.0017,192.67 91324PEG3
940,000.000Volkswagen Auto Ln 4.500% 8/20/291,292.503,525.003,525.001,292.50 92868MAD1
425,000.000Walmart Inc 4.350% 4/28/306,316.561,540.63.007,857.19 931142FN8
1,150,000.000Cooperatieve Mtn 4.800% 1/09/297,973.334,600.00.0012,573.33 21688ABC5

02573304
52- -01-B -62 -094-04
0101 -11-03184-04

CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

SHARES/EXPAYANNBEGINNINGINCOMEINCOMEENDING

FACE AMOUNTDESCRIPTIONDATEDATERATEACCRUALEARNEDRECEIVEDACCRUAL Total Corporate Issues 434,488.71 228,062.95 222,271.50 440,280.16 Foreign Issues
INCOME ACCRUAL DETAIL (continued)
81 1,400,000.000National Australia 4.944% 1/12/289,421.075,768.00.0015,189.07 63253QAB0
.000National Mtn 3.905% 6/09/2712,452.614,555.83.0017,008.44 63254ABE7

02573304
52- -01-B -62 -094-04
0101 -11-03184-04

CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

SHARES/EXPAYANNBEGINNINGINCOMEINCOMEENDING

FACE AMOUNTDESCRIPTIONDATEDATERATEACCRUALEARNEDRECEIVEDACCRUAL Total Foreign Issues29,847.0114,923.83.0044,770.84
Grand Total 1,206,619.71 546,882.88 671,747.85 1,081,754.74 INCOME ACCRUAL DETAIL (continued)
82 03/16/2026Ally Auto 3.960% 3/15/301,039.50 $0.00330/Pv On 315,000.00 Pv Due 3/15/26
03/16/2026American Express 4.300% 7/15/303,045.83
$0.00358/Pv On 850,000.00 Pv Due 3/15/26
03/16/2026American Express 4.870% 5/15/285,214.96
$0.00406/Pv On 1,285,000.00 Pv Due 3/15/26
03/16/2026Bank Of America 4.790% 5/15/286,506.42
$0.00399/Pv On 1,630,000.00 Pv Due 3/15/26
03/16/2026Bank Of America 4.930% 5/15/295,176.50
$0.00411/Pv On 1,260,000.00 Pv Due 3/15/26
03/16/2026Bank Of America 5.740% 6/15/283,554.96
$0.00478/Pv On 743,196.23 Pv Due 3/15/26
03/16/2026Blackrock Funding 4.700% 3/14/292,232.50

0.0235 USD/$1 Pv On 95,000 Par Value Due 3/14/26

02573304
52- -01-B -62 -094-04
0101 -11-03184-04

CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

DATEDESCRIPTIONCASH
Interest
Ally Auto 3.960% 3/15/30
02008Kac7
American Express 4.300% 7/15/30
02582Jkv1
American Express 4.870% 5/15/28
02582Jjz4
Bank Of America 4.790% 5/15/28
05522Rdg0
Bank Of America 4.930% 5/15/29
05522Rdj4
Bank Of America 5.740% 6/15/28
06054Yac1
Blackrock Funding 4.700% 3/14/29
09290Daa9

INVESTMENT ACTIVITY
83 03/25/2026Bmw Vehicle 4.850% 9/25/292,831.00 $0.00380/Pv On 745,000.00 Pv Due 3/25/26
03/20/2026BofA Auto Trust 20 4.350% 11/20/29815.63

0.003625 USD/$1 Pv On 225,000 Par Value Due 3/20/26
03/16/2026Capital One Mlt 3.820% 9/16/302,976.42
$0.00318/Pv On 935,000.00 Pv Due 3/15/26
03/16/2026Capital One Multi 4.420% 5/15/284,733.08
$0.00368/Pv On 1,285,000.00 Pv Due 3/15/26
03/16/2026Capital One Prime 3.850% 7/15/301,684.37
$0.00321/Pv On 525,000.00 Pv Due 3/15/26
03/02/2026Received Accrued Interest On Sale Of10,354.65 Charles Schwab Corp 2.450% 3/03/27
Income Credit 10,354.65 USD
03/30/2026Citibank N A Sr 5.803% 9/29/2840,621.00

0.029015 USD/$1 Pv On 1,400,000 Par Value Due 3/29/26

02573304
52- -01-B -62 -094-04
0101 -11-03184-04

CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

DATEDESCRIPTIONCASH
Bmw Vehicle 4.850% 9/25/29
096924Ad7
BofA Auto Trust 20 4.350% 11/20/29
05594Bad8
Capital One Mlt 3.820% 9/16/30
14041Ngf2
Capital One Multi 4.420% 5/15/28
14041Ngd7
Capital One Prime 3.850% 7/15/30
14043Yad7
Charles Schwab Corp 2.450% 3/03/27
808513By0
Citibank N A Sr 5.803% 9/29/28
17325Fbb3
INVESTMENT ACTIVITY (continued)
84 03/16/2026Discover Card Exe 4.930% 6/15/286,429.54 $0.00411/Pv On 1,565,000.00 Pv Due 3/15/26
03/25/2026F H L M C Mltcl 4.092% 11/25/303,034.90
$0.00341/Pv On 890,000.00 Pv Due 3/25/26
03/25/2026F H L M C Mltcl 4.421% 5/25/303,610.48
$0.00368/Pv On 980,000.00 Pv Due 3/25/26
03/25/2026F H L M C Mltcl 4.740% 8/25/285,530.00
$0.00395/Pv On 1,400,000.00 Pv Due 3/25/26
03/25/2026F H L M C Mltcl 4.819% 6/25/286,023.75
$0.00402/Pv On 1,500,000.00 Pv Due 3/25/26
03/25/2026F H L M C Mltcl 4.850% 9/25/285,577.50
$0.00404/Pv On 1,380,000.00 Pv Due 3/25/26
03/25/2026F H L M C Mltcl 5.069% 10/25/282,830.19
$0.00422/Pv On 670,000.00 Pv Due 3/25/26

02573304
52- -01-B -62 -094-04
0101 -11-03184-04

CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

DATEDESCRIPTIONCASH
Discover Card Exe 4.930% 6/15/28
254683CZ6
F H L M C Mltcl 4.092% 11/25/30
3137Hpex7
F H L M C Mltcl 4.421% 5/25/30
3137Hn6B9
F H L M C Mltcl 4.740% 8/25/28
3137Haq74
F H L M C Mltcl 4.819% 6/25/28
3137Hacx2
F H L M C Mltcl 4.850% 9/25/28
3137Hast4
F H L M C Mltcl 5.069% 10/25/28
3137Hb3D4
F H L M C Mltcl 0.00001% 1/25/31
3137Hqsp7
INVESTMENT ACTIVITY (continued)
85 03/12/2026Paid Accrued Interest On Purchase Of- 1,010.24 F H L M C Mltcl 0.00001% 1/25/31
Income Debit 1,010.24- USD
03/25/2026F H L M C Mltcl Mt 3.194% 7/25/272,355.58
$0.00266/Pv On 885,000.00 Pv Due 3/25/26
03/25/2026F H L M C Mltcl Mt 3.600% 1/25/282,986.31
$0.00300/Pv On 995,435.48 Pv Due 3/25/26
03/02/2026Paid Accrued Interest On Purchase Of- 175.83
F H L M C Mltcl Mt 4.220% 12/25/30
Income Debit 175.83- USD
03/25/2026F H L M C Mltcl Mt 4.777% 6/25/285,939.68
$0.00398/Pv On 1,492,069.18 Pv Due 3/25/26
03/25/2026F H L M C Mltcl Mtg 3.413% 12/25/262,169.57
$0.00284/Pv On 762,814.64 Pv Due 3/25/26
03/25/2026F H L M C Mltcl Mtg 4.070% 12/25/304,799.21
$0.00339/Pv On 1,415,000.00 Pv Due 3/25/26

02573304
52- -01-B -62 -094-04
0101 -11-03184-04

CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

DATEDESCRIPTIONCASH
F H L M C Mltcl Mt 3.194% 7/25/27
3137Faws3
F H L M C Mltcl Mt 3.600% 1/25/28
3137F4D41
F H L M C Mltcl Mt 4.220% 12/25/30
3137Hpua9
F H L M C Mltcl Mt 4.777% 6/25/28
3137Had45
F H L M C Mltcl Mtg 3.413% 12/25/26
3137Bux60
F H L M C Mltcl Mtg 4.070% 12/25/30
3137Hpu50
F H L M C Mltcl Mtg 4.543% 7/25/29
3137Hdxl9
INVESTMENT ACTIVITY (continued)
86 03/25/2026F H L M C Mltcl Mtg 4.543% 7/25/295,186.59 $0.00379/Pv On 1,370,000.00 Pv Due 3/25/26
03/25/2026F H L M C Mltcl Mtg 4.572% 12/25/284,171.95
$0.00381/Pv On 1,095,000.00 Pv Due 3/25/26
03/25/2026F H L M C Mltcl Mtg 4.650% 8/25/285,812.50
$0.00388/Pv On 1,500,000.00 Pv Due 3/25/26
03/25/2026F H L M C Mltcl Mtg 4.860% 10/25/284,272.75
$0.00405/Pv On 1,055,000.00 Pv Due 3/25/26
03/25/2026F H L M C Mltcl Mtg 5.180% 3/25/294,316.67
$0.00432/Pv On 1,000,000.00 Pv Due 3/25/26
03/25/2026F N M A Gtd Remic 2.966% 9/25/272,641.33
$0.00247/Pv On 1,068,585.76 Pv Due 3/25/26
03/25/2026F N M A Gtd Remic 3.073% 6/25/272,094.94
$0.00256/Pv On 818,069.52 Pv Due 3/25/26
03/25/2026F N M A Gtd Remic 4.184% 7/25/284,714.14
$0.00349/Pv On 1,352,002.16 Pv Due 3/25/26

02573304
52- -01-B -62 -094-04
0101 -11-03184-04

CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

DATEDESCRIPTIONCASH
F H L M C Mltcl Mtg 4.572% 12/25/28
3137Hblv4
F H L M C Mltcl Mtg 4.650% 8/25/28
3137Hamh6
F H L M C Mltcl Mtg 4.860% 10/25/28
3137Hb3G7
F H L M C Mltcl Mtg 5.180% 3/25/29
3137Hckv3
F N M A Gtd Remic 2.966% 9/25/27
3136Ay6X6
F N M A Gtd Remic 3.073% 6/25/27
3136Ax7E9
F N M A Gtd Remic 4.184% 7/25/28
3136Bqde6
INVESTMENT ACTIVITY (continued)
87 03/25/2026FHLMC Remic Series 4.410% 1/25/301,966.13 $0.00368/Pv On 535,000.00 Pv Due 3/25/26
03/25/2026FHLMC Remic Series 4.508% 6/25/292,009.82
$0.00376/Pv On 535,000.00 Pv Due 3/25/26
03/02/2026Interest From 2/1/26 To 2/28/261,366.90
03/16/2026Ford Cr Auto Owner 3.910% 4/15/302,020.17
$0.00326/Pv On 620,000.00 Pv Due 3/15/26
03/16/2026Ford Credit Auto 4.450% 10/15/294,227.50
$0.00371/Pv On 1,140,000.00 Pv Due 3/15/26
03/16/2026Gm Financial Consume 4.280% 4/16/30945.17

0.003567 USD/$1 Pv On 265,000 Par Value Due 3/16/26
03/16/2026Home Depot Inc 2.800% 9/14/2719,600.00

0.014 USD/$1 Pv On 1,400,000 Par Value Due 3/14/26

02573304
52- -01-B -62 -094-04
0101 -11-03184-04

CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

DATEDESCRIPTIONCASH
FHLMC Remic Series 4.410% 1/25/30
3137Hkxj8
FHLMC Remic Series 4.508% 6/25/29
3137Hfnz4
First Am Govt Ob Fd Cl Y
31846V203
Ford Cr Auto Owner 3.910% 4/15/30
34532Bag6
Ford Credit Auto 4.450% 10/15/29
34535Kad0
Gm Financial Consume 4.280% 4/16/30
362549Ad9
Home Depot Inc 2.800% 9/14/27
437076Bt8
Honda Ar Owner Tr 4.158% 9/01/30
43815CAD0
INVESTMENT ACTIVITY (continued)
88 03/23/2026Honda Ar Owner Tr 4.158% 9/01/301,299.38 $0.00347/Pv On 375,000.00 Pv Due 3/23/26
03/16/2026Honda At Rec Ow Tr 3.980% 6/17/302,122.67
$0.00332/Pv On 640,000.00 Pv Due 3/15/26
03/16/2026Hyundai Auto 3.990% 9/16/302,211.13
$0.00333/Pv On 665,000.00 Pv Due 3/15/26
03/16/2026Hyundai Auto Rec 3.790% 2/18/311,236.49
$0.00284/Pv On 435,000.00 Pv Due 3/15/26
03/23/2026Kenvue Inc 5.050% 3/22/2830,300.00

0.02525 USD/$1 Pv On 1,200,000 Par Value Due 3/22/26
03/16/2026Mercedes Benz 4.780% 12/17/293,983.33
$0.00398/Pv On 1,000,000.00 Pv Due 3/15/26
03/16/2026National Rural Mtn 4.800% 3/15/2824,000.00

0.024 USD/$1 Pv On 1,000,000 Par Value Due 3/15/26
03/16/2026Nissan Auto Lease 5.930% 3/15/28875.21
$0.00494/Pv On 177,107.57 Pv Due 3/15/26

02573304
52- -01-B -62 -094-04
0101 -11-03184-04

CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

DATEDESCRIPTIONCASH
Honda At Rec Ow Tr 3.980% 6/17/30
43814Xad5
Hyundai Auto 3.990% 9/16/30
44891Xad9
Hyundai Auto Rec 3.790% 2/18/31
448981Ad2
Kenvue Inc 5.050% 3/22/28
49177Jaf9
Mercedes Benz 4.780% 12/17/29
58773Dad6
National Rural Mtn 4.800% 3/15/28
63743Hfg2
Nissan Auto Lease 5.930% 3/15/28
65480Mad5
INVESTMENT ACTIVITY (continued)
89 03/02/2026Received Accrued Interest On Sale Of16,583.67 Roche Holdings Inc 2.314% 3/10/27
Income Credit 16,583.67 USD
03/16/2026Toyota Auto 4.230% 6/17/303,328.00
$0.00320/Pv On 1,040,000.00 Pv Due 3/15/26
03/16/2026Toyota Auto 4.770% 11/15/292,079.58
$0.00362/Pv On 575,000.00 Pv Due 3/15/26
03/16/2026Toyota Auto Rec Own 4.880% 3/15/292,501.00
$0.00407/Pv On 615,000.00 Pv Due 3/15/26
03/20/2026Toyota Lease Owner 4.257% 6/20/303,015.38
$0.00355/Pv On 850,000.00 Pv Due 3/20/26
03/04/2026Received Accrued Interest On Sale Of4,444.54
U S Treasury Nt 1.250% 3/31/28
Income Credit 4,444.54 USD
03/13/2026Received Accrued Interest On Sale Of3,853.59
U S Treasury Nt 1.250% 6/30/28
Income Credit 3,853.59 USD

02573304
52- -01-B -62 -094-04
0101 -11-03184-04

CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

DATEDESCRIPTIONCASH
Roche Holdings Inc 2.314% 3/10/27
771196Bv3
Toyota Auto 4.230% 6/17/30
89231Gad0
Toyota Auto 4.770% 11/15/29
89231Had8
Toyota Auto Rec Own 4.880% 3/15/29
89237Qad2
Toyota Lease Owner 4.257% 6/20/30
89240Mae4
U S Treasury Nt 1.250% 3/31/28
91282Cbs9
U S Treasury Nt 1.250% 6/30/28
91282Cch2
INVESTMENT ACTIVITY (continued)
90 03/19/2026Received Accrued Interest On Sale Of696.13 U S Treasury Nt 2.250% 8/15/27
Income Credit 696.13 USD
03/24/2026Received Accrued Interest On Sale Of632.42
U S Treasury Nt 2.250% 8/15/27
Income Credit 632.42 USD
03/31/2026U S Treasury Nt 2.375% 3/31/2935,625.00

0.011875 USD/$1 Pv On 3,000,000 Par Value Due 3/31/26
03/02/2026Received Accrued Interest On Sale Of11,401.44 U S Treasury Nt 2.500% 3/31/27
Income Credit 11,401.44 USD
03/02/2026Received Accrued Interest On Sale Of157.62
U S Treasury Nt 2.500% 3/31/27
Income Credit 157.62 USD
03/02/2026Received Accrued Interest On Sale Of4,633.98
U S Treasury Nt 2.750% 4/30/27
Income Credit 4,633.98 USD
03/17/2026Received Accrued Interest On Sale Of5,203.73
U S Treasury Nt 2.750% 4/30/27
Income Credit 5,203.73 USD

02573304
52- -01-B -62 -094-04
0101 -11-03184-04

CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

DATEDESCRIPTIONCASH
U S Treasury Nt 2.250% 8/15/27
9128282R0
Total U S Treasury Nt 2.250% 8/15/271,328.55
U S Treasury Nt 2.375% 3/31/29
91282Cee7
U S Treasury Nt 2.500% 3/31/27
91282Cef4
Total U S Treasury Nt 2.500% 3/31/2711,559.06
U S Treasury Nt 2.750% 4/30/27
91282Cen7
INVESTMENT ACTIVITY (continued)
91 03/31/2026U S Treasury Nt 3.625% 9/30/3028,546.88

0.018125 USD/$1 Pv On 1,575,000 Par Value Due 3/31/26
03/02/2026Paid Accrued Interest On Purchase Of- 4,506.22 U S Treasury Nt 3.750% 1/31/31
Income Debit 4,506.22- USD
03/06/2026Received Accrued Interest On Sale Of1,637.78
U S Treasury Nt 3.875% 7/31/30
Income Credit 1,637.78 USD
03/09/2026Received Accrued Interest On Sale Of3,960.64
U S Treasury Nt 3.875% 7/31/30
Income Credit 3,960.64 USD
03/31/2026U S Treasury Nt 3.875% 9/30/2958,125.00

0.019375 USD/$1 Pv On 3,000,000 Par Value Due 3/31/26
03/17/2026Received Accrued Interest On Sale Of38,076.92 U S Treasury Nt 4.125% 9/30/27
Income Credit 38,076.92 USD

02573304
52- -01-B -62 -094-04
0101 -11-03184-04

CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

DATEDESCRIPTIONCASH
Total U S Treasury Nt 2.750% 4/30/279,837.71
U S Treasury Nt 3.625% 9/30/30
91282CPA3
U S Treasury Nt 3.750% 1/31/31
91282Cpw5
U S Treasury Nt 3.875% 7/31/30
91282Cnn7
Total U S Treasury Nt 3.875% 7/31/305,598.42
U S Treasury Nt 3.875% 9/30/29
91282Cfl0
U S Treasury Nt 4.125% 9/30/27
91282Cfm8
INVESTMENT ACTIVITY (continued)
92 03/31/2026U S Treasury Nt 4.125% 9/30/2782,500.00

0.020625 USD/$1 Pv On 4,000,000 Par Value Due 3/31/26
03/17/2026Paid Accrued Interest On Purchase Of- 4,908.29 U S Treasury Nt 4.250% 2/28/31
Income Debit 4,908.29- USD
03/02/2026Received Accrued Interest On Sale Of37,179.28 U S Treasury Nt 4.250% 3/15/27
Income Credit 37,179.28 USD
03/31/2026U S Treasury Nt 4.625% 9/30/2828,906.25

0.023125 USD/$1 Pv On 1,250,000 Par Value Due 3/31/26
03/13/2026Received Accrued Interest On Sale Of19,881.11 U S Treasury Nt 4.875% 10/31/28
Income Credit 19,881.11 USD
03/13/2026Received Accrued Interest On Sale Of11,203.73 United States Treas 4.375% 11/30/30
Income Credit 11,203.73 USD

02573304
52- -01-B -62 -094-04
0101 -11-03184-04

CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

DATEDESCRIPTIONCASH
Total U S Treasury Nt 4.125% 9/30/27 120,576.92 U S Treasury Nt 4.250% 2/28/31
91282Ckc4
U S Treasury Nt 4.250% 3/15/27
91282Cke0
U S Treasury Nt 4.625% 9/30/28
91282Cja0
U S Treasury Nt 4.875% 10/31/28
91282Cjf9
United States Treas 4.375% 11/30/30
91282Cjm4
Usaa Auto Owner 3.950% 12/17/29
90327Hac3
INVESTMENT ACTIVITY (continued)
93 03/16/2026Usaa Auto Owner 3.950% 12/17/291,201.46 $0.00329/Pv On 365,000.00 Pv Due 3/15/26
03/20/2026Volkswagen Auto Ln 4.500% 8/20/293,525.00
$0.00375/Pv On 940,000.00 Pv Due 3/20/26

02573304
52- -01-B -62 -094-04
0101 -11-03184-04

CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

DATEDESCRIPTIONCASH
Volkswagen Auto Ln 4.500% 8/20/29
92868Mad1
Total Interest 671,747.85
INVESTMENT ACTIVITY (continued)
94 03/26/2026Collected- 703.87
Charged For Period 02/01/2026 Thru 02/28/2026

02573304
52- -01-B -62 -094-04
0101 -11-03184-04

CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

DATEDESCRIPTIONCASH
Trust Fees
Trust Fees
Total Trust Fees- 703.87
Total Trust Fees- 703.87
Total Plan Expenses- 703.87

PLAN EXPENSES
95 03/02/2026Purchased 1,388,496.660.00- 1,388,496.66 1,388,496.66 1,388,496.66 Units Of
First Am Govt Ob Fd Cl Y
Trade Date 3/2/26
31846V203
03/03/2026Purchased 1,366.900.00- 1,366.901,366.90 1,366.9 Units Of
First Am Govt Ob Fd Cl Y
Trade Date 3/3/26
31846V203
03/06/2026Purchased 454,626.060.00- 454,626.06 454,626.06 454,626.06 Units Of
First Am Govt Ob Fd Cl Y
Trade Date 3/6/26
31846V203
03/09/2026Purchased 1,009,976.270.00- 1,009,976.27 1,009,976.27 1,009,976.27 Units Of
First Am Govt Ob Fd Cl Y
Trade Date 3/9/26
31846V203
03/13/2026Purchased 46,813.810.00- 46,813.8146,813.81 46,813.81 Units Of
First Am Govt Ob Fd Cl Y
Trade Date 3/13/26
31846V203
03/16/2026Purchased 193,706.280.00- 193,706.28 193,706.28 193,706.28 Units Of
First Am Govt Ob Fd Cl Y
Trade Date 3/16/26
31846V203
03/16/2026Purchased 19,427.540.00- 19,427.5419,427.54 19,427.54 Units Of
First Am Govt Ob Fd Cl Y
Trade Date 3/16/26
31846V203

02573304
52- -01-B -62 -094-04
0101 -11-03184-04

CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

SHARES/

DATEDESCRIPTIONFACE AMOUNTCOMMISSIONCASHBOOK VALUE
Cash And Equivalents

PURCHASES
96 03/19/2026Purchased 343,655.110.00- 343,655.11 343,655.11 343,655.11 Units Of
First Am Govt Ob Fd Cl Y
Trade Date 3/19/26
31846V203
03/20/2026Purchased 3,525 3,525.000.00- 3,525.003,525.00 Units Of
First Am Govt Ob Fd Cl Y
Trade Date 3/20/26
31846V203
03/20/2026Purchased 3,831.010.00- 3,831.013,831.01 3,831.01 Units Of
First Am Govt Ob Fd Cl Y
Trade Date 3/20/26
31846V203
03/23/2026Purchased 30,300 30,300.000.00- 30,300.0030,300.00 Units Of
First Am Govt Ob Fd Cl Y
Trade Date 3/23/26
31846V203
03/23/2026Purchased 1,299.380.00- 1,299.381,299.38 1,299.38 Units Of
First Am Govt Ob Fd Cl Y
Trade Date 3/23/26
31846V203
03/25/2026Purchased 92,162.970.00- 92,162.9792,162.97 92,162.97 Units Of
First Am Govt Ob Fd Cl Y
Trade Date 3/25/26
31846V203
03/25/2026Purchased 3,161.550.00- 3,161.553,161.55 3,161.55 Units Of
First Am Govt Ob Fd Cl Y
Trade Date 3/25/26
31846V203

02573304
52- -01-B -62 -094-04
0101 -11-03184-04

CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

SHARES/

DATEDESCRIPTIONFACE AMOUNTCOMMISSIONCASHBOOK VALUE
PURCHASES (continued)
97 03/30/2026Purchased 40,621 40,621.000.00- 40,621.0040,621.00 Units Of
First Am Govt Ob Fd Cl Y
Trade Date 3/30/26
31846V203
03/31/2026Purchased 233,703.130.00- 233,703.13 233,703.13 233,703.13 Units Of
First Am Govt Ob Fd Cl Y
Trade Date 3/31/26
31846V203
03/31/2026Purchased 2,000,000.000.00- 2,007,890.63 2,007,890.63 2,000,000 Par Value Of
F H L M C Mltcl 4.340% 9/25/30
Trade Date 3/31/26
Purchased Through J.P. Morgan Securities LLC
Paid 0.00 USD Load
Paid 1,205.56- USD Misc Fee2
Paid 0.00 USD Exchange Fee
EBR Pending Transaction
3137HNNC8
03/03/2026Purchased 840,000.000.00- 839,984.04 839,984.04 840,000 Par Value Of
F H L M C Mltcl 0.00001% 1/25/31
Trade Date 3/3/26
Purchased Through Morgan Stanley & Co. LLC
Swift External Ref#: 8606203223394857
840,000 Par Value At 99.9981 %
3137HQSP7

02573304
52- -01-B -62 -094-04
0101 -11-03184-04

CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

SHARES/

DATEDESCRIPTIONFACE AMOUNTCOMMISSIONCASHBOOK VALUE
Total First Am Govt Ob Fd Cl Y 3,866,672.670.00- 3,866,672.67 3,866,672.67 Total Cash And Equivalents 3,866,672.670.00- 3,866,672.67 3,866,672.67 US Government Issues
Total F H L M C Mltcl 4.340% 9/25/30 2,000,000.000.00- 2,007,890.63 2,007,890.63 PURCHASES (continued)
98 03/31/2026Purchased 1,660,000.000.00- 1,656,109.38 1,656,109.38 1,660,000 Par Value Of
U S Treasury Nt 3.875% 3/31/31
Trade Date 3/31/26
Purchased Through Wells Fargo Securities, LLC
Paid 0.00 USD Load
Paid 1,054.51- USD Misc Fee2
Paid 0.00 USD Exchange Fee
EBR Pending Transaction
91282CQG9
03/16/2026Purchased 2,500,000.000.00- 2,546,582.03 2,546,582.03 2,500,000 Par Value Of
U S Treasury Nt 4.250% 2/28/31
Trade Date 3/16/26
Purchased Through Citigroup Global Markets Inc.

Swift External Ref#: Ng2Cn4Yd4Qaacaad
2,500,000 Par Value At 101.8632812 %
91282CKC4
03/10/2026Purchased 900,000.000.00- 898,560.00 898,560.00 900,000 Par Value Of
Amazon Com Inc 4.250% 3/13/31
Trade Date 3/10/26
Purchased Through J.P. Morgan Securities LLC
Swift External Ref#: Ngyi4Siehaaauaad
900,000 Par Value At 99.84 %
023135DD5

02573304
52- -01-B -62 -094-04
0101 -11-03184-04

CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

SHARES/

DATEDESCRIPTIONFACE AMOUNTCOMMISSIONCASHBOOK VALUE
Total F H L M C Mltcl 0.00001% 1/25/31 840,000.000.00- 839,984.04 839,984.04 Total U S Treasury Nt 3.875% 3/31/31 1,660,000.000.00- 1,656,109.38 1,656,109.38 Total U S Treasury Nt 4.250% 2/28/31 2,500,000.000.00- 2,546,582.03 2,546,582.03 Total Government Issues 7,000,000.000.00- 7,050,566.08 7,050,566.08 Corporate Issues
PURCHASES (continued)
99 03/23/2026Purchased 265,000.000.00- 264,689.95 264,689.95 265,000 Par Value Of
Depository Tr Co 4.300% 3/27/29
Trade Date 3/23/26
Purchased Through Citigroup Global Markets Inc.

Swift External Ref#: Nhazshid4Qadcaad
265,000 Par Value At 99.883 %
249672AC0
03/17/2026Purchased 610,000.000.00- 609,883.43 609,883.43 610,000 Par Value Of
Ford Cr Auto Owner 4.050% 10/15/30
Trade Date 3/17/26
Purchased Through Barclays Capital Inc. Fixed In
Swift External Ref#: 8607603223508669
610,000 Par Value At 99.98089016 %
34532WAD7
03/05/2026Purchased 440,000.000.00- 439,903.20 439,903.20 440,000 Par Value Of
John Deere Mtn 4.200% 3/10/31
Trade Date 3/5/26
Purchased Through Citigroup Global Markets Inc.

Swift External Ref#: Ngu43Gqd5Qabuaad
440,000 Par Value At 99.978 %
24422EYL7

02573304
52- -01-B -62 -094-04
0101 -11-03184-04

CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

SHARES/

DATEDESCRIPTIONFACE AMOUNTCOMMISSIONCASHBOOK VALUE
Total Amazon Com Inc 4.250% 3/13/31 900,000.000.00- 898,560.00 898,560.00 Total Depository Tr Co 4.300% 3/27/29 265,000.000.00- 264,689.95 264,689.95 Total Ford Cr Auto Owner 4.050% 10/15/30 610,000.000.00- 609,883.43 609,883.43 Total John Deere Mtn 4.200% 3/10/31 440,000.000.00- 439,903.20 439,903.20 PURCHASES (continued)
100
03/05/2026Purchased 1,040,000.000.00- 1,039,864.80 1,039,864.80 1,040,000 Par Value Of
Mercedes Benz 4.500% 3/10/31
Trade Date 3/5/26
Purchased Through J.P. Morgan Securities LLC
Swift External Ref#: Ngu5Lzqd5Qaa0Aad
1,040,000 Par Value At 99.987 %
58769JBM8
03/11/2026Purchased 1,530,000.000.00- 1,529,663.40 1,529,663.40 1,530,000 Par Value Of
Salesforce Inc 4.650% 3/15/29
Trade Date 3/11/26
Purchased Through Citigroup Global Markets Inc.

Swift External Ref#: Ngy20Uyehaahgaad
1,530,000 Par Value At 99.978 %
79466LAR5
03/10/2026Purchased 1,105,000.000.00- 1,104,602.20 1,104,602.20 1,105,000 Par Value Of
Toyota Mtr Cr Mtn 4.050% 3/13/29
Trade Date 3/10/26
Purchased Through Mitsubishi Ufj Securities USA
Swift External Ref#: Ngyh4Tiehaadcaad
1,105,000 Par Value At 99.964 %
89236TPQ2

02573304
52- -01-B -62 -094-04
0101 -11-03184-04

CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

SHARES/

DATEDESCRIPTIONFACE AMOUNTCOMMISSIONCASHBOOK VALUE
Total Mercedes Benz 4.500% 3/10/31 1,040,000.000.00- 1,039,864.80 1,039,864.80 Total Salesforce Inc 4.650% 3/15/29 1,530,000.000.00- 1,529,663.40 1,529,663.40 Total Toyota Mtr Cr Mtn 4.050% 3/13/29 1,105,000.000.00- 1,104,602.20 1,104,602.20 Total Corporate Issues 5,890,000.000.00- 5,887,166.98 5,887,166.98 Total Purchases 16,756,672.670.00- 16,804,405.73 16,804,405.73 PURCHASES (continued)
101
03/04/2026Sold- 898,094.670.00 898,094.67- 898,094.67.00 898,094.67 Units Of
First Am Govt Ob Fd Cl Y
Trade Date 3/4/26
31846V203
03/10/2026Sold- 1,477,361.750.00 1,477,361.75- 1,477,361.75.00 1,477,361.75 Units Of
First Am Govt Ob Fd Cl Y
Trade Date 3/10/26
31846V203
03/11/2026Sold- 2,406.250.002,406.25- 2,406.25.00
2,406.25 Units Of
First Am Govt Ob Fd Cl Y
Trade Date 3/11/26
31846V203
03/12/2026Sold- 840,994.280.00 840,994.28- 840,994.28.00 840,994.28 Units Of
First Am Govt Ob Fd Cl Y
Trade Date 3/12/26
31846V203
03/17/2026Sold- 1,061.230.001,061.23- 1,061.23.00
1,061.23 Units Of
First Am Govt Ob Fd Cl Y
Trade Date 3/17/26
31846V203
03/24/2026Sold- 340,277.380.00 340,277.38- 340,277.38.00 340,277.38 Units Of
First Am Govt Ob Fd Cl Y
Trade Date 3/24/26
31846V203
03/26/2026Sold 703.87- 703.870.00703.87- 703.87.00
Units Of
First Am Govt Ob Fd Cl Y
Trade Date 3/26/26
31846V203

02573304
52- -01-B -62 -094-04
0101 -11-03184-04

CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

SHARES/TRANSACTIONREALIZED

DATEDESCRIPTIONFACE AMOUNTCOMMISSIONPROCEEDSBOOK VALUEGAIN/LOSS Cash And Equivalents

SALES AND MATURITIES
102
03/27/2026Sold- 264,689.950.00 264,689.95- 264,689.95.00 264,689.95 Units Of
First Am Govt Ob Fd Cl Y
Trade Date 3/27/26
31846V203
03/25/2026Paid Down- 2,167.380.002,167.38- 2,016.34151.04 2,167.38 Par Value Of
F H L M C Mltcl Mt 3.600% 1/25/28
Trade Date 3/25/26
3137F4D41
03/25/2026Paid Down- 2,828.760.002,828.76- 2,828.69.07
2,828.76 Par Value Of
F H L M C Mltcl Mt 4.777% 6/25/28
Trade Date 3/25/26
3137HAD45
03/25/2026Paid Down- 1,923.000.001,923.00- 1,826.8596.15 1,923 Par Value Of
F H L M C Mltcl Mtg 3.413% 12/25/26
Trade Date 3/25/26
3137BUX60

02573304
52- -01-B -62 -094-04
0101 -11-03184-04

CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

SHARES/TRANSACTIONREALIZED

DATEDESCRIPTIONFACE AMOUNTCOMMISSIONPROCEEDSBOOK VALUEGAIN/LOSS Total First Am Govt Ob Fd Cl Y- 3,825,589.380.00 3,825,589.38- 3,825,589.38.00 Total Cash And Equivalents- 3,825,589.380.00 3,825,589.38- 3,825,589.38.00 US Government Issues
Total F H L M C Mltcl Mt 3.600% 1/25/28- 2,167.380.002,167.38- 2,016.34151.04 Total F H L M C Mltcl Mt 4.777% 6/25/28- 2,828.760.002,828.76- 2,828.69.07 Total F H L M C Mltcl Mtg 3.413% 12/25/26- 1,923.000.001,923.00- 1,826.8596.15 SALES AND MATURITIES (continued)
103
03/25/2026Paid Down- 2,309.450.002,309.45- 2,150.59158.86 2,309.45 Par Value Of
F N M A Gtd Remic 2.966% 9/25/27
Trade Date 3/25/26
3136AY6X6
03/25/2026Paid Down- 1,066.610.001,066.61- 997.2469.37
1,066.61 Par Value Of
F N M A Gtd Remic 3.073% 6/25/27
Trade Date 3/25/26
3136AX7E9
03/25/2026Paid Down- 154.330.00154.33- 151.712.62
154.33 Par Value Of
F N M A Gtd Remic 4.184% 7/25/28
Trade Date 3/25/26
3136BQDE6
03/03/2026Sold- 835,000.000.00 797,783.79- 725,018.1672,765.63 835,000 Par Value Of
U S Treasury Nt 1.250% 3/31/28
Trade Date 3/3/26
Sold Through Morgan Stanley & Co. LLC
Swift External Ref#: Ngtupiyd5Qaacaad
835,000 Par Value At 95.54296886 %
91282CBS9

02573304
52- -01-B -62 -094-04
0101 -11-03184-04

CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

SHARES/TRANSACTIONREALIZED

DATEDESCRIPTIONFACE AMOUNTCOMMISSIONPROCEEDSBOOK VALUEGAIN/LOSS Total F N M A Gtd Remic 2.966% 9/25/27- 2,309.450.002,309.45- 2,150.59158.86 Total F N M A Gtd Remic 3.073% 6/25/27- 1,066.610.001,066.61- 997.2469.37 Total F N M A Gtd Remic 4.184% 7/25/28- 154.330.00154.33- 151.712.62 Total U S Treasury Nt 1.250% 3/31/28- 835,000.000.00 797,783.79- 725,018.1672,765.63 SALES AND MATURITIES (continued)
104
03/11/2026Sold- 1,550,000.000.00 1,469,109.38- 1,329,972.66 139,136.72 1,550,000 Par Value Of
U S Treasury Nt 1.250% 6/30/28
Trade Date 3/11/26
Sold Through Citigroup Global Markets Inc.

Swift External Ref#: Ngy2C3Aehaaacaad
1,550,000 Par Value At 94.78125032 %
91282CCH2
03/18/2026Sold- 350,000.000.00 342,958.98- 333,400.829,558.16 350,000 Par Value Of
U S Treasury Nt 2.250% 8/15/27
Trade Date 3/18/26
Sold Through Wells Fargo Securities, LLC
Swift External Ref#: Ng3Kbdqd4Qaacaad
350,000 Par Value At 97.98828 %
9128282R0
03/23/2026Sold- 275,000.000.00 268,973.63- 261,957.797,015.84 275,000 Par Value Of
U S Treasury Nt 2.250% 8/15/27
Trade Date 3/23/26
Sold Through Morgan Stanley & Co. LLC
Swift External Ref#: Nhayo0Ad4Qaacaad
275,000 Par Value At 97.80859273 %
9128282R0
03/31/2026Sold- 1,875,000.000.00 1,836,328.13- 1,786,075.8550,252.28 1,875,000 Par Value Of
U S Treasury Nt 2.250% 8/15/27
Trade Date 3/31/26
Sold Through BofA Securities, Inc./Fxd Inc
Paid 0.00 USD Load
Paid 0.00 USD Exchange Fee
EBR Pending Transaction
9128282R0

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CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

SHARES/TRANSACTIONREALIZED

DATEDESCRIPTIONFACE AMOUNTCOMMISSIONPROCEEDSBOOK VALUEGAIN/LOSS Total U S Treasury Nt 1.250% 6/30/28- 1,550,000.000.00 1,469,109.38- 1,329,972.66 139,136.72 Total U S Treasury Nt 2.250% 8/15/27- 2,500,000.000.00 2,448,260.74- 2,381,434.4666,826.28 SALES AND MATURITIES (continued)
105
03/16/2026Sold- 500,000.000.00 494,960.94- 478,886.7216,074.22 500,000 Par Value Of
U S Treasury Nt 2.750% 4/30/27
Trade Date 3/16/26
Sold Through Wells Fargo Securities, LLC
Swift External Ref#: Ng2Cn3Ad4Qaacaad
500,000 Par Value At 98.992188 %
91282CEN7
03/05/2026Sold- 450,000.000.00 452,988.28- 452,285.16703.12 450,000 Par Value Of
U S Treasury Nt 3.875% 7/31/30
Trade Date 3/5/26
Sold Through Wells Fargo Securities, LLC
Swift External Ref#: Ngu340Ad5Qaacaad
450,000 Par Value At 100.66406222 %
91282CNN7
03/06/2026Sold- 1,000,000.000.00 1,006,015.63- 1,005,078.12937.51 1,000,000 Par Value Of
U S Treasury Nt 3.875% 7/31/30
Trade Date 3/6/26
Sold Through Bmo Capital Markets Corp/Bonds
Swift External Ref#: Ngvodbyd5Qaacaad
1,000,000 Par Value At 100.601563 %
91282CNN7
03/16/2026Sold- 2,000,000.000.00 2,012,187.50- 2,032,789.07- 20,601.57 2,000,000 Par Value Of
U S Treasury Nt 4.125% 9/30/27
Trade Date 3/16/26
Sold Through Morgan Stanley & Co. LLC
Swift External Ref#: Ng2Cn2Id4Qaacaad
2,000,000 Par Value At 100.609375 %
91282CFM8

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CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

SHARES/TRANSACTIONREALIZED

DATEDESCRIPTIONFACE AMOUNTCOMMISSIONPROCEEDSBOOK VALUEGAIN/LOSS Total U S Treasury Nt 2.750% 4/30/27- 500,000.000.00 494,960.94- 478,886.7216,074.22 Total U S Treasury Nt 3.875% 7/31/30- 1,450,000.000.00 1,459,003.91- 1,457,363.281,640.63 Total U S Treasury Nt 4.125% 9/30/27- 2,000,000.000.00 2,012,187.50- 2,032,789.07- 20,601.57 SALES AND MATURITIES (continued)
106
03/10/2026Sold- 1,110,000.000.00 1,145,598.05- 1,132,893.7512,704.30 1,110,000 Par Value Of
U S Treasury Nt 4.875% 10/31/28
Trade Date 3/10/26
Sold Through Morgan Stanley & Co. LLC
Swift External Ref#: Ngyg1Oyehaaacaad
1,110,000 Par Value At 103.20703153 %
91282CJF9
03/10/2026Sold- 905,000.000.00 929,993.55- 933,210.55- 3,217.00 905,000 Par Value Of
United States Treas 4.375% 11/30/30
Trade Date 3/10/26
Sold Through Wells Fargo Securities, LLC
Swift External Ref#: Ngyhhrqehaaacaad
905,000 Par Value At 102.76171823 %
91282CJM4
03/16/2026Paid Down- 65,332.150.0065,332.15- 65,330.971.18 65,332.15 Par Value Of
Bank Of America 5.740% 6/15/28
Trade Date 3/15/26
06054YAC1
03/16/2026Paid Down- 20,131.000.0020,131.00- 20,126.914.09 20,131 Par Value Of
Nissan Auto Lease 5.930% 3/15/28
Trade Date 3/15/26
65480MAD5

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CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

SHARES/TRANSACTIONREALIZED

DATEDESCRIPTIONFACE AMOUNTCOMMISSIONPROCEEDSBOOK VALUEGAIN/LOSS Total U S Treasury Nt 4.875% 10/31/28- 1,110,000.000.00 1,145,598.05- 1,132,893.7512,704.30 Total United States Treas 4.375% 11/30/30- 905,000.000.00 929,993.55- 933,210.55- 3,217.00 Total Government Issues- 10,860,449.530.00 10,767,347.39- 10,481,540.07 285,807.32 Corporate Issues
Total Bank Of America 5.740% 6/15/28- 65,332.150.0065,332.15- 65,330.971.18 SALES AND MATURITIES (continued)
107
03/16/2026Paid Down- 14,744.880.0014,744.88- 14,744.87.01 14,744.88 Par Value Of
Toyota Auto Rec Own 4.880% 3/15/29
Trade Date 3/15/26
89237QAD2
03/31/2026Sold- 1,400,000.000.00 1,396,710.00- 1,387,862.008,848.00 1,400,000 Par Value Of
National Mtn 3.905% 6/09/27
Trade Date 3/31/26
Sold Through Goldman Sachs & Co. LLC
Paid 0.00 USD Load
Paid 0.00 USD Exchange Fee
EBR Pending Transaction
63254ABE7

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CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

SHARES/TRANSACTIONREALIZED

DATEDESCRIPTIONFACE AMOUNTCOMMISSIONPROCEEDSBOOK VALUEGAIN/LOSS Total Nissan Auto Lease 5.930% 3/15/28- 20,131.000.0020,131.00- 20,126.914.09 Total Toyota Auto Rec Own 4.880% 3/15/29- 14,744.880.0014,744.88- 14,744.87.01 Total Corporate Issues- 100,208.030.00 100,208.03- 100,202.755.28 Foreign Issues
Total National Mtn 3.905% 6/09/27- 1,400,000.000.00 1,396,710.00- 1,387,862.008,848.00 Total Foreign Issues- 1,400,000.000.00 1,396,710.00- 1,387,862.008,848.00 Total Sales And Maturities- 16,186,246.940.00 16,089,854.80- 15,795,194.20 294,660.60 SALES AND MATURITIES (continued)
108
Realizedgain/lossshouldnotbeusedfortaxpurposes.

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Period from March 1, 2026 to March 31, 2026

SALES AND MATURITIES MESSAGES
109
03/31/202604/06/2026Purchased 2,000,000 Par Value Of 2,000,000.000 2,007,890.63- 2,007,890.63 F H L M C Mltcl 4.340% 9/25/30
Trade Date 3/31/26
Purchased Through J.P. Morgan Securities LLC
Paid 0.00 USD Load
Paid 1,205.56- USD Misc Fee2
Paid 0.00 USD Exchange Fee
Posted Thru Fundweb Networking
EBR Pending Transaction
3137HNNC8
03/31/202604/06/2026Purchased 1,660,000 Par Value Of 1,660,000.000 1,656,109.38- 1,656,109.38 U S Treasury Nt 3.875% 3/31/31
Trade Date 3/31/26
Purchased Through Wells Fargo Securities, LLC
Paid 0.00 USD Load
Paid 1,054.51- USD Misc Fee2
Paid 0.00 USD Exchange Fee
Posted Thru Fundweb Networking
EBR Pending Transaction
91282CQG9
03/31/202604/06/2026Sold 1,875,000 Par Value Of- 1,875,000.000- 1,786,075.85 1,836,328.13 U S Treasury Nt 2.250% 8/15/27
Trade Date 3/31/26
Sold Through BofA Securities, Inc./Fxd Inc
Paid 0.00 USD Load
Paid 0.00 USD Exchange Fee
EBR Pending Transaction
9128282R0

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CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

TRADESETTLESHARES/

DATEDATEDESCRIPTIONPAR VALUEBOOK VALUECASH
Purchases
Total Purchases 3,660,000.000 3,664,000.01- 3,664,000.01 Sales

PENDING TRADES
110
03/31/202604/06/2026Sold 1,400,000 Par Value Of- 1,400,000.000- 1,387,862.00 1,396,710.00 National Mtn 3.905% 6/09/27
Trade Date 3/31/26
Sold Through Goldman Sachs & Co. LLC
Paid 0.00 USD Load
Paid 0.00 USD Exchange Fee
EBR Pending Transaction
63254ABE7

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CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

TRADESETTLESHARES/

DATEDATEDESCRIPTIONPAR VALUEBOOK VALUECASH
Total Sales- 3,275,000.000- 3,173,937.85 3,233,038.13 Net Trades Pending Settlement 385,000.000 490,062.16- 430,961.88 PENDING TRADES (continued)
111
2,000,000.00003/31/2026Bought 2,007,890.63.00- 1,205.56 2,007,890.63 F H L M C Mltcl 4.340% 9/25/30
3137HNNC8
# Trades/Commission Per Share 1.00
1,660,000.00003/31/2026Bought 1,656,109.38.00- 1,054.51 1,656,109.38 U S Treasury Nt 3.875% 3/31/31
91282CQG9
# Trades/Commission Per Share 1.00

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CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

BROKER/PARTY

SHARES/PURCHASE COST/BROKEROTHERTOTAL COST/

UNITSDATEDESCRIPTIONSALE PROCEEDSCOMMISSIONEXPENSENET PROCEEDS J.P. Morgan Securities LLC
Total J.P. Morgan Securities LLC 2,007,890.63.00- 1,205.56 2,007,890.63 Wells Fargo Securities, LLC
Total Wells Fargo Securities, LLC 1,656,109.38.00- 1,054.51 1,656,109.38 Grand Total 3,664,000.01.00- 2,260.07 3,664,000.01

BROKER COMMISSIONS
112
Natixis Ny C D 5.610% 9/18/261,000,000.00 1,006,490.00 100.00 < 20261,000,000.00100.00 0.00
20261,760,891.64 1,763,211.95 1.05
2027 21,353,279.22 20,994,690.51 12.46 2028 47,384,197.00 47,267,073.58 28.04 2029 42,125,255.12 42,001,611.32 24.90 2030 43,855,000.00 43,836,132.75 25.99 2031 12,825,000.00 12,755,326.20 7.56 Aaa 10,829,840.65 10,858,372.54 6.44 Aa1 76,625,000.00 75,764,842.95 44.93 Aa26,615,000.00 6,652,957.15 3.95
Aa37,050,000.00 7,077,909.35 4.20
A19,905,000.00 9,953,081.80 5.90
A2 18,405,000.00 18,359,795.10 10.89
A31,100,000.00 1,089,528.00 0.65
N/A 38,773,782.33 37,855,169.42 22.45 Not Provided1,000,000.00 1,006,490.00 0.59

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CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

PERCENTAGE
OF

PAR VALUEMARKET VALUECATEGORY

SHORT-TERM MATURITY DETAIL
121 to 180 Days
Total 121 to 180 Days 1,000,000.00 1,006,490.00 100.00 Total 1,000,000.00 1,006,490.00 100.00

MATURITY SUMMARY
Total 170,303,622.98 168,618,146.31 100.00

MOODY'S RATING
Total 170,303,622.98 168,618,146.31 100.00

S&P RATING

BOND SUMMARY
113
AAA 17,580,255.12 17,581,578.17 10.43 AA+3,230,000.00 3,229,816.15 1.92
AA1,325,000.00 1,322,447.00 0.78
AA-5,800,000.00 5,830,693.85 3.46
A+ 15,770,000.00 15,843,785.35 9.40
A 10,900,000.00 10,897,130.85 6.46
A-6,115,000.00 6,090,168.95 3.61
BBB+1,400,000.00 1,395,492.00 0.83
N/A 107,183,367.86 105,420,543.99 62.52 Not Provided1,000,000.00 1,006,490.00 0.59

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CITY OF LINCOLN
Period from March 1, 2026 to March 31, 2026

PERCENTAGE
OF

PAR VALUEMARKET VALUECATEGORY
Total 170,303,622.98 168,618,146.31 100.00
BOND SUMMARY (continued)
114

CITY OF LINCOLN
ATTENTION: CITY MANAGER
600 6TH STREET
LINCOLN, CA 95648-1825
00230901
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PARS/CITY OF LINCOLN POST EMPLOYMENT

BENEFITS TRUST- PENSION
This statement is for the period from March 1, 2026 to March 31, 2026 Questions?
If you have any questions regarding your account or this statement, please contact your Account Manager.

Account Manager:

RODION BUTYRSKI
18300 VON KARMAN
SUITE 500
IRVINE CA 92612
Phone: 949-224-7211
E-mail: [email protected]

DATFAAATFFFFAFTAADFATTDTAFTFTDFFATDATAATFFDTADATFTDTTTATTFFADAFFF 00000002309 000638155335579 P
115
Market And Cost Reconciliation 3
Cash Reconciliation 4
Asset Summary 5
Asset Detail 6
Income Accrual Detail 10
Investment Activity 12
Plan Expenses 14
Purchases 15
Sales And Maturities 18

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PARS/CITY OF LINCOLN 115P-PENSION
Period from March 1, 2026 to March 31, 2026
......................................................................................................................................................................... ............................................................................................................................................................................................ .................................................................................................................................................................................................... .......................................................................................................................................................................................................... ......................................................................................................................................................................................... ............................................................................................................................................................................................... ..................................................................................................................................................................................................... ............................................................................................................................................................................................................ ...........................................................................................................................................................................................

SchedulePage

TABLE OF CONTENTS
116
*IncludesProfessionalFees,ContractAdministratorFeesandInvestmentAdvisoryFees Interest232.36232.36
Dividends10,826.3410,826.34
Change In Unrealized Gain/Loss- 190,789.66.00
Net Accrued Income (Current-Prior)25.2025.20
Administrative Expenses*- 683.38- 683.38
Trust Fees- 741.78- 741.78

00230901
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PARS/CITY OF LINCOLN 115P-PENSION
Period from March 1, 2026 to March 31, 2026
03/31/202603/31/2026

MARKET BOOK VALUE
Beginning Market And Cost 4,085,269.00 3,745,642.57 Investment Activity
Total Investment Activity- 179,705.7611,083.90
Plan Expenses
Total Plan Expenses- 1,425.16- 1,425.16
Net Change In Market And Cost- 181,130.929,658.74
Ending Market And Cost 3,904,138.08 3,755,301.31

MARKET AND COST RECONCILIATION

MARKET AND COST RECONCILIATION MESSAGES
117
*IncludesProfessionalFees,ContractAdministratorFeesandInvestmentAdvisoryFees Interest232.36
Dividends10,826.34
Cash Equivalent Purchases- 3,862.54
Mutual Fund Purchases- 7,196.16
Cash Equivalent Sales1,425.16
Administrative Expenses*- 683.38
Trust Fees- 741.78

00230901
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PARS/CITY OF LINCOLN 115P-PENSION
Period from March 1, 2026 to March 31, 2026
Beginning Cash.00
Investment Activity
Total Investment Activity1,425.16
Plan Expenses
Total Plan Expenses- 1,425.16
Net Change In Cash.00
Ending Cash.00

CASH RECONCILIATION

CASH RECONCILIATION MESSAGES
118
EstimatedAnnualIncomeisanestimateprovidedforinformationalpurposesonly andshouldnotbereliedonformakinginvestment,trading,ortaxdecisions.The estimatesmaynotrepresenttheactualvalueearnedbyyourinvestmentsand theyprovidenoguaranteeofwhatyourinvestmentsmayearninthefuture.

Cash And Equivalents85,901.7885,901.78 2.19
Mutual Funds-Equity 2,372,075.63 2,196,976.33 60.76 Mutual Funds-Fixed Income 1,445,903.11 1,472,165.64 37.04 Accrued Income257.56257.56 0.01

00230901
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PARS/CITY OF LINCOLN 115P-PENSION
Period from March 1, 2026 to March 31, 2026
03/31/202603/31/2026% OF

ASSETSMARKETBOOK VALUEMARKET
Total Assets 3,903,880.52 3,755,043.75 99.99 Grand Total 3,904,138.08 3,755,301.31 100.00 Estimated Annual Income 113,608.16

ASSET SUMMARY

ASSET SUMMARY MESSAGES

CASH EQUIV & ACCR

MUTUAL FUNDS
119
First Am Govt 85,901.78085,901.7885,901.78.0085,901.78257.56 Ob Fd Cl X1.0000.00.00 3.57
31846V336 Asset Minor Code 1
Cohen & 2,112.808 104,161.43 110,536.47- 6,375.04 104,084.13.00 Steers Instl Realty Shares49.3000- 6,734.6077.30 3.09 19247U106 Asset Minor Code 98
Columbia 1,027.98934,077.8433,294.26783.5834,307.05.00 Small Cap Growth Inst333.1500- 3,238.16- 229.21 0.00
19765Y340 Asset Minor Code 98
Columbia 7,655.538 288,766.89 297,723.24- 8,956.35 297,530.20.00 Contrarian Core Fund37.7200- 13,856.53- 8,763.31 0.47 19766M709 Asset Minor Code 98
Fidelity 4,513.265 277,024.21 237,454.6039,569.61 258,958.82.00 International Index Fund61.3800- 24,822.9518,065.39 6.25 315911727 Asset Minor Code 98
Fidelity 14,381.112 203,492.73 175,250.9128,241.82 175,250.91.00 Emerging Markets Index Fund14.1500- 21,427.8628,241.82 2.28 316146331 Asset Minor Code 98

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PARS/CITY OF LINCOLN 115P-PENSION
Period from March 1, 2026 to March 31, 2026

UNREALIZED

GAIN (LOSS)ADJ PRIOR MARKET /

SHARES/MARKETSINCE INCEPTION/ADJ PRIOR MARKETENDING ACCRUAL

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODUNREALIZED GAIN/LOSSYIELD ON MARKET Money Markets
Total Money Markets 85,901.78085,901.7885,901.78.0085,901.78257.56 .00.00 3.57
Total Cash And 85,901.78085,901.7885,901.78.0085,901.78257.56 Equivalents.00.00 3.57
Mutual Funds-Equity

ASSET DETAIL
Cash And Equivalents
Mutual Funds
120
Emerald 1,186.15135,465.9134,434.841,031.0734,681.39.00 Growth Institutional29.9000- 2,858.63784.52 0.00
317609253 Asset Minor Code 98
Goldman Sachs 4,711.834 110,869.45 106,932.543,936.91 106,608.73.00 Gqg Ptnrs Intl Opps R623.5300- 6,125.394,260.72 2.45
38147N269 Asset Minor Code 98
Lazard Cl 3,525.12368,034.8757,744.8610,290.0163,275.57.00 List Infrastr Inst19.3000- 4,886.964,759.30 3.10
52106N459 Asset Minor Code 98
Mfs 2,088.67795,724.0796,601.11- 877.0499,734.83.00 International Growth R645.8300- 10,464.27- 4,010.76 1.12 552746356 Asset Minor Code 98
Nyli Cbre 3,900.70262,645.2754,311.268,334.0155,703.56.00 Global Infrastructure16.0600- 3,342.616,941.71 1.89
56064L280 Asset Minor Code 98
Pimco Rae US 6,347.50074,583.1377,449.80- 2,866.6777,449.80.00 Small Instl11.7500- 3,237.22- 2,866.67 1.15
72202L421 Asset Minor Code 98
Putnam Core 2,664.582 124,675.79 117,531.067,144.73 120,699.60.00 Equity Fund Y46.7900- 6,794.693,976.19 1.17
74676P839 Asset Minor Code 98
Schwab U S 34,811.000 892,554.04 797,711.3894,842.66 850,780.84.00 Large Cap Etf25.6400- 49,431.6241,773.20 1.17
808524201 Asset Minor Code 94
Baird 41,588.527 409,231.11 417,746.12- 8,515.01 409,744.85.00 Aggregate Bond Fd Instl9.8400- 9,106.26- 513.74 4.18
057071854 Asset Minor Code 99

Period from March 1, 2026 to March 31, 2026

UNREALIZED

GAIN (LOSS)ADJ PRIOR MARKET /

SHARES/MARKETSINCE INCEPTION/ADJ PRIOR MARKETENDING ACCRUAL

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODUNREALIZED GAIN/LOSSYIELD ON MARKET Total Mutual Funds-Equity 88,926.281 2,372,075.63 2,196,976.33 175,099.30 2,279,065.43.00 - 157,221.4993,010.20 1.95
Mutual Funds-Fixed Income
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ASSET DETAIL (continued)
121
Dodge Cox 17,412.096 221,481.86 227,433.06- 5,951.20 220,169.86.00 Income12.7200- 7,062.381,312.00 4.28
256210105 Asset Minor Code 99
Ishares Core 3,420.000 339,503.40 342,872.31- 3,368.91 339,432.00.00 U.S. Aggregate Bond Etf99.2700- 7,284.6071.40 3.94
464287226 Asset Minor Code 95
Nyli MacKay 21,210.375 108,385.02 111,048.73- 2,663.71 110,331.69.00 High Yield Corp Bd Fd R65.1100- 1,476.73- 1,946.67 6.56 56063N881 Asset Minor Code 99
Pgim Total 19,217.523 231,571.15 236,848.10- 5,276.95 231,456.21.00 Return Bond Cl R612.0500- 5,551.82114.94 4.65
74440B884 Asset Minor Code 99
Voya 15,494.357 135,730.57 136,217.32- 486.75 136,226.04.00 Intermediate Bond Fund Class R68.7600- 3,086.38- 495.47 4.71 92913L569 Asset Minor Code 99

Period from March 1, 2026 to March 31, 2026

UNREALIZED

GAIN (LOSS)ADJ PRIOR MARKET /

SHARES/MARKETSINCE INCEPTION/ADJ PRIOR MARKETENDING ACCRUAL

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODUNREALIZED GAIN/LOSSYIELD ON MARKET Total Mutual Funds-Fixed 118,342.878 1,445,903.11 1,472,165.64- 26,262.53 1,447,360.65.00 Income- 33,568.17- 1,457.54 4.44
Total Mutual Funds 207,269.159 3,817,978.74 3,669,141.97 148,836.77 3,726,426.08.00 - 190,789.6691,552.66 2.89
Total Assets 293,170.939 3,903,880.52 3,755,043.75 148,836.77 3,812,327.86257.56 - 190,789.6691,552.66 2.90
Accrued Income.000257.56257.56
Grand Total 293,170.939 3,904,138.08 3,755,301.31 00230901
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ASSET DETAIL (continued)
122
Timeoftradeexecutionandtradingparty(ifnotdisclosed)willbeprovideduponrequest.

Publiclytradedassetsarevaluedinaccordancewithmarketquotationsorvaluationmethodologiesfromfinancialindustryservicesbelievedbyustobereliable.Assetsthatarenot publiclytradedmaybereflectedatvaluesfromotherexternalsources.Assetsforwhichacurrentvalueisnotavailablemaybereflectedatapreviousvalueorasnotvalued,atparvalue, oratanominalvalue.Valuesshowndonotnecessarilyreflectpricesatwhichassetscouldbeboughtorsold.Valuesareupdatedbasedoninternalpolicyandmaybeupdatedless frequentlythanstatementgeneration.

Forfurtherinformation,pleasecontactyouraccountmanagerorrelationshipmanager.

YieldonMarketandAccruedIncomeareestimatesprovidedforinformationalpurposesonlyandshouldnotbereliedonformakinginvestment,trading,ortaxdecisions.Theestimates maynotrepresenttheactualvalueearnedbyyourinvestmentsandtheyprovidenoguaranteeofwhatyourinvestmentsmayearninthefuture.

Theassetcategoriesusedinthisstatementmaybegeneralinnature.Forexample,assetslistedunderthe"MutualFunds"categorymayincludeopen-endinvestmentcompanies registeredundertheInvestmentCompanyActof1940(whicharecommonlyknownas"mutualfunds")butmayalsoincludeclosed-endinvestmentcompanies,unitinvestmenttrusts, commontrustfunds,collectivetrustfundsorotherinvestmentsthatareregisteredwith(ornotsubjecttoregistrationwith)theSecuritiesandExchangeCommission.

Period from March 1, 2026 to March 31, 2026
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ASSET DETAIL MESSAGES
123
85,901.780First Am Govt Ob Fd Cl X 0.04232.36257.56232.36257.56 31846V33604/01/26
2,112.808Cohen & Steers Instl Realty Shares 1.52.00730.10730.10.00 19247U10603/31/2603/31/26
3,525.123Lazard Cl List Infrastr Inst 0.60.00455.73455.73.00 52106N45903/20/2603/23/26
3,900.702Nyli Cbre Global Infrastructure 0.30.00223.95223.95.00 56064L28003/31/2603/31/26
34,811.000Schwab U S Large Cap Etf 0.30.002,548.172,548.17.00 80852420103/25/2603/30/26
41,588.527Baird Aggregate Bond Fd Instl 0.41.001,455.651,455.65.00 05707185403/27/2603/30/26
17,412.096Dodge Cox Income 0.54.002,317.402,317.40.00
25621010503/25/2603/26/26
3,420.000Ishares Core U.S. Aggregate Bond Etf 3.91.001,082.011,082.01.00 46428722603/02/2603/05/26
21,210.375Nyli MacKay High Yield Corp Bd Fd R6 0.34.00583.31583.31.00 56063N88103/31/2603/31/26
19,217.523Pgim Total Return Bond Cl R6 0.56.00883.32883.32.00 74440B88412/22/2203/31/26

Period from March 1, 2026 to March 31, 2026

SHARES/EXPAYANNBEGINNINGINCOMEINCOMEENDING

FACE AMOUNTDESCRIPTIONDATEDATERATEACCRUALEARNEDRECEIVEDACCRUAL Cash And Equivalents
Total Cash And Equivalents232.36257.56232.36257.56
Mutual Funds-Equity
Total Mutual Funds-Equity.003,957.953,957.95.00
Mutual Funds-Fixed Income
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INCOME ACCRUAL DETAIL
124
15,494.357Voya Intermediate Bond Fund Class R6 0.41.00546.70546.70.00 92913L56903/31/2603/31/26

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Period from March 1, 2026 to March 31, 2026

SHARES/EXPAYANNBEGINNINGINCOMEINCOMEENDING

FACE AMOUNTDESCRIPTIONDATEDATERATEACCRUALEARNEDRECEIVEDACCRUAL Total Mutual Funds-Fixed Income.006,868.396,868.39.00
Grand Total232.3611,083.9011,058.70257.56
INCOME ACCRUAL DETAIL (continued)
125
03/02/2026Interest From 2/1/26 To 2/28/26232.36
03/27/20260.035127 USD/Share On 41,439.535 Shares Due 3/30/261,455.65 Dividend Payable 03/30/26
03/31/20260.348 USD/Share On 2,097.999 Shares Due 3/31/26730.10 Dividend Payable 03/31/26
03/25/20260.1345 USD/Share On 17,229.767 Shares Due 3/26/262,317.40 Dividend Payable 03/26/26
03/05/20260.316377 USD/Share On 3,420 Shares Due 3/5/261,082.01 03/20/20260.13018 USD/Share On 3,500.778 Shares Due 3/23/26455.73 Dividend Payable 3/23/26

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Period from March 1, 2026 to March 31, 2026

DATEDESCRIPTIONCASH
Interest
First Am Govt Ob Fd Cl X
31846V336
Total Interest232.36
Dividends
Baird Aggregate Bond Fd Instl
057071854
Cohen & Steers Instl Realty Shares
19247U106
Dodge Cox Income
256210105
Ishares Core U.S. Aggregate Bond Etf
464287226
Lazard Cl List Infrastr Inst
52106N459
Nyli Cbre Global Infrastructure
56064L280

INVESTMENT ACTIVITY
126
03/31/20260.05762 USD/Share On 3,886.757 Shares Due 3/31/26223.95 Dividend Payable 03/31/26
03/31/20260.02765 USD/Share On 21,096.224 Shares Due 3/31/26583.31 Dividend Payable 03/31/26
03/31/2026Dividend From 3/1/26 To 3/31/26883.32
03/30/2026Schwab U S Large Cap Etf2,548.17

0.0732 USD/Share On 34,811 Shares Due 3/30/26
03/31/2026Dividend From 3/1/26 To 3/31/26546.70

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Period from March 1, 2026 to March 31, 2026

DATEDESCRIPTIONCASH
Nyli MacKay High Yield Corp Bd Fd R6
56063N881
Pgim Total Return Bond Cl R6
74440B884
Schwab U S Large Cap Etf
808524201
Voya Intermediate Bond Fund Class R6
92913L569
Total Dividends10,826.34
INVESTMENT ACTIVITY (continued)
127
03/30/2026Paid To Phase II Systems- 683.38
Pars Trust Admin Fee
Per Directive Dated 03/27/26
03/26/2026Collected- 741.78
Charged For Period 02/01/2026 Thru 02/28/2026

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Period from March 1, 2026 to March 31, 2026

DATEDESCRIPTIONCASH
Administrative Expenses
Contract Administrator Fees
Administrative Fee
Total Administrative Fee- 683.38
Total Contract Administrator Fees- 683.38
Total Administrative Expenses- 683.38
Trust Fees
Trust Fees
Total Trust Fees- 741.78
Total Trust Fees- 741.78
Total Plan Expenses- 1,425.16

PLAN EXPENSES
128
03/03/2026Purchased 232.36232.360.00- 232.36232.36
Units Of
First Am Govt Ob Fd Cl X
Trade Date 3/3/26
31846V336
03/05/2026Purchased 1,082.010.00- 1,082.011,082.01 1,082.01 Units Of
First Am Govt Ob Fd Cl X
Trade Date 3/5/26
31846V336
03/30/2026Purchased 2,548.170.00- 2,548.172,548.17 2,548.17 Units Of
First Am Govt Ob Fd Cl X
Trade Date 3/30/26
31846V336
03/31/2026Purchased 14.80914.809.00- 730.10730.10
Shares
Cohen & Steers Instl Realty Shares @ 49.30 USD
Through Reinvestment Of Cash Dividend Due 3/31/26
19247U106
03/20/2026Purchased 24.34524.345.00- 455.73455.73
Shares
Lazard Cl List Infrastr Inst @ 18.72 USD
Through Reinvestment Of Cash Dividend Due 3/23/26
52106N459

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Period from March 1, 2026 to March 31, 2026

SHARES/

DATEDESCRIPTIONFACE AMOUNTCOMMISSIONCASHBOOK VALUE
Cash And Equivalents
Total First Am Govt Ob Fd Cl X 3,862.540.00- 3,862.543,862.54 Total Cash And Equivalents 3,862.540.00- 3,862.543,862.54 Mutual Funds-Equity
Total Cohen & Steers Instl Realty Shares14.809.00- 730.10730.10

PURCHASES
129
03/31/2026Purchased 13.94513.945.00- 223.95223.95
Shares
Nyli Cbre Global Infrastructure @ 16.06 USD
Through Reinvestment Of Cash Dividend Due 3/31/26
56064L280
03/27/2026Purchased148.992.00- 1,455.651,455.65
148.992 Shares
Baird Aggregate Bond Fd Instl @ 9.77 USD
Through Reinvestment Of Cash Dividend Due 3/30/26
057071854
03/25/2026Purchased182.329.00- 2,317.402,317.40
182.329 Shares
Dodge Cox Income @ 12.71 USD
Through Reinvestment Of Cash Dividend Due 3/26/26
256210105
03/31/2026Purchased114.151.00- 583.31583.31
114.151 Shares
Nyli MacKay High Yield Corp Bd Fd R6 @ 5.11 USD
Through Reinvestment Of Cash Dividend Due 3/31/26
56063N881

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Period from March 1, 2026 to March 31, 2026

SHARES/

DATEDESCRIPTIONFACE AMOUNTCOMMISSIONCASHBOOK VALUE
Total Lazard Cl List Infrastr Inst24.345.00- 455.73455.73 Total Nyli Cbre Global Infrastructure13.945.00- 223.95223.95 Total Mutual Funds-Equity53.099.00- 1,409.781,409.78
Mutual Funds-Fixed Income
Total Baird Aggregate Bond Fd Instl148.992.00- 1,455.651,455.65 Total Dodge Cox Income182.329.00- 2,317.402,317.40
Total Nyli MacKay High Yield Corp Bd Fd R6114.151.00- 583.31583.31 PURCHASES (continued)
130
03/31/2026Purchased 73.30573.305.00- 883.32883.32
Shares
Pgim Total Return Bond Cl R6 @ 12.05 USD
Through Reinvestment Of Cash Dividend Due 3/31/26
74440B884
03/31/2026Purchased 62.40962.409.00- 546.70546.70
Shares
Voya Intermediate Bond Fund Class R6 @ 8.76 USD
Through Reinvestment Of Cash Dividend Due 3/31/26
92913L569

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Period from March 1, 2026 to March 31, 2026

SHARES/

DATEDESCRIPTIONFACE AMOUNTCOMMISSIONCASHBOOK VALUE
Total Pgim Total Return Bond Cl R673.305.00- 883.32883.32 Total Voya Intermediate Bond Fund Class R662.409.00- 546.70546.70 Total Mutual Funds-Fixed Income581.186.00- 5,786.385,786.38 Total Purchases 4,496.825.00- 11,058.7011,058.70 PURCHASES (continued)
131
Realizedgain/lossshouldnotbeusedfortaxpurposes.
03/26/2026Sold 741.78- 741.780.00741.78- 741.78.00- 741.78 Units Of.00
First Am Govt Ob Fd Cl X
Trade Date 3/26/26
31846V336
03/30/2026Sold 683.38- 683.380.00683.38- 683.38.00- 683.38 Units Of.00
First Am Govt Ob Fd Cl X
Trade Date 3/30/26
31846V336

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PARS/CITY OF LINCOLN 115P-PENSION
Period from March 1, 2026 to March 31, 2026

PRIOR MARKET /

SHARES/TRANSACTIONREALIZEDPRIOR MARKET

DATEDESCRIPTIONFACE AMOUNTCOMMISSIONPROCEEDSBOOK VALUEGAIN/LOSSREALIZED GAIN/LOSS Cash And Equivalents
Total First Am Govt Ob Fd- 1,425.160.001,425.16- 1,425.16.00- 1,425.16 Cl X.00
Total Cash And- 1,425.160.001,425.16- 1,425.16.00- 1,425.16 Equivalents.00
Total Sales And- 1,425.160.001,425.16- 1,425.16.00- 1,425.16 Maturities.00

SALES AND MATURITIES

SALES AND MATURITIES MESSAGES
132

CITY OF LINCOLN
ATTENTION: CITY MANAGER
600 6TH STREET
LINCOLN, CA 95648-1825
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PARS/CITY OF LINCOLN POST EMPLOYMENT

BENEFITS TRUST- OPEB
This statement is for the period from March 1, 2026 to March 31, 2026 Questions?
If you have any questions regarding your account or this statement, please contact your Account Manager.

Account Manager:

RODION BUTYRSKI
18300 VON KARMAN
SUITE 500
IRVINE CA 92612
Phone: 949-224-7211
E-mail: [email protected]

DATFAAATFFFFAFTAADFATTDTAFTFTDFFATDATAATFFDTADATFTDTTTATTFFADAFFF 00000002309 000638155335579 P
133
Market And Cost Reconciliation 3
Cash Reconciliation 4
Asset Summary 5
Asset Detail 6
Income Accrual Detail 10
Investment Activity 12
Plan Expenses 14
Purchases 15
Sales And Maturities 18

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Period from March 1, 2026 to March 31, 2026
......................................................................................................................................................................... ............................................................................................................................................................................................ .................................................................................................................................................................................................... .......................................................................................................................................................................................................... ......................................................................................................................................................................................... ............................................................................................................................................................................................... ..................................................................................................................................................................................................... ............................................................................................................................................................................................................ ...........................................................................................................................................................................................

SchedulePage

TABLE OF CONTENTS
134
*IncludesProfessionalFees,ContractAdministratorFeesandInvestmentAdvisoryFees Interest1,144.721,144.72
Dividends54,287.5254,287.52
Change In Unrealized Gain/Loss- 963,114.71.00
Net Accrued Income (Current-Prior)152.00152.00
Administrative Expenses*- 3,438.06- 3,438.06
Trust Fees- 3,731.82- 3,731.82

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Period from March 1, 2026 to March 31, 2026
03/31/202603/31/2026

MARKET BOOK VALUE
Beginning Market And Cost 20,552,904.24 18,813,223.99 Investment Activity
Total Investment Activity- 907,530.4755,584.24
Plan Expenses
Total Plan Expenses- 7,169.88- 7,169.88
Net Change In Market And Cost- 914,700.3548,414.36
Ending Market And Cost 19,638,203.89 18,861,638.35

MARKET AND COST RECONCILIATION

MARKET AND COST RECONCILIATION MESSAGES
135
*IncludesProfessionalFees,ContractAdministratorFeesandInvestmentAdvisoryFees Interest1,144.72
Dividends54,287.52
Cash Equivalent Purchases- 19,401.02
Mutual Fund Purchases- 36,031.22
Cash Equivalent Sales7,169.88
Administrative Expenses*- 3,438.06
Trust Fees- 3,731.82

Period from March 1, 2026 to March 31, 2026
Beginning Cash.00
Investment Activity
Total Investment Activity7,169.88
Plan Expenses
Total Plan Expenses- 7,169.88
Net Change In Cash.00
Ending Cash.00
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CASH RECONCILIATION

CASH RECONCILIATION MESSAGES
136
EstimatedAnnualIncomeisanestimateprovidedforinformationalpurposesonly andshouldnotbereliedonformakinginvestment,trading,ortaxdecisions.The estimatesmaynotrepresenttheactualvalueearnedbyyourinvestmentsand theyprovidenoguaranteeofwhatyourinvestmentsmayearninthefuture.

Cash And Equivalents 432,477.89 432,477.89 2.20 Mutual Funds-Equity 11,989,984.93 11,101,835.52 61.05 Mutual Funds-Fixed Income 7,214,444.35 7,326,028.22 36.74 Accrued Income1,296.721,296.72 0.01

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PARS/CITY OF LINCOLN 115P-OPEB
Period from March 1, 2026 to March 31, 2026
03/31/202603/31/2026% OF

ASSETSMARKETBOOK VALUEMARKET
Total Assets 19,636,907.17 18,860,341.63 99.99 Grand Total 19,638,203.89 18,861,638.35 100.00 Estimated Annual Income 569,486.28

ASSET SUMMARY

ASSET SUMMARY MESSAGES

CASH EQUIV & ACCR

MUTUAL FUNDS
137
First Am Govt 432,477.890 432,477.89 432,477.89.00 432,477.891,296.72 Ob Fd Cl X1.0000.00.00 3.57
31846V336 Asset Minor Code 1
Cohen & 10,823.266 533,587.01 565,170.16- 31,583.15 533,191.14.00 Steers Instl Realty Shares49.3000- 34,499.17395.87 3.09 19247U106 Asset Minor Code 98
Columbia 5,186.379 171,928.46 167,423.654,504.81 173,125.22.00 Small Cap Growth Inst333.1500- 16,337.10- 1,196.76 0.00 19765Y340 Asset Minor Code 98
Columbia 38,581.281 1,455,285.92 1,498,691.15- 43,405.23 1,499,450.04.00 Contrarian Core Fund37.7200- 69,832.12- 44,164.12 0.47 19766M709 Asset Minor Code 98
Fidelity 22,679.075 1,392,041.62 1,189,177.75 202,863.87 1,301,402.47.00 International Index Fund61.3800- 124,734.9290,639.15 6.25 315911727 Asset Minor Code 98
Fidelity 72,199.595 1,021,624.27 879,926.59 141,697.68 879,926.59.00 Emerging Markets Index Fund14.1500- 107,577.40 141,697.68 2.28 316146331 Asset Minor Code 98

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Period from March 1, 2026 to March 31, 2026

UNREALIZED

GAIN (LOSS)ADJ PRIOR MARKET /

SHARES/MARKETSINCE INCEPTION/ADJ PRIOR MARKETENDING ACCRUAL

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODUNREALIZED GAIN/LOSSYIELD ON MARKET Money Markets
Total Money Markets 432,477.890 432,477.89 432,477.89.00 432,477.891,296.72 .00.00 3.57
Total Cash And 432,477.890 432,477.89 432,477.89.00 432,477.891,296.72 Equivalents.00.00 3.57
Mutual Funds-Equity

ASSET DETAIL
Cash And Equivalents
Mutual Funds
138
Emerald 5,987.049 179,012.77 173,316.715,696.06 175,090.02.00 Growth Institutional29.9000- 14,428.783,922.75 0.00
317609253 Asset Minor Code 98
Goldman Sachs 23,650.953 556,506.92 536,179.6120,327.31 535,238.76.00 Gqg Ptnrs Intl Opps R623.5300- 30,746.2421,268.16 2.45 38147N269 Asset Minor Code 98
Lazard Cl 17,697.501 341,561.77 289,331.2752,230.50 317,668.25.00 List Infrastr Inst19.3000- 24,534.5023,893.52 3.10
52106N459 Asset Minor Code 98
Mfs 11,175.750 512,184.62 517,654.75- 5,470.13 533,620.81.00 International Growth R645.8300- 55,990.51- 21,436.19 1.12 552746356 Asset Minor Code 98
Nyli Cbre 19,577.924 314,421.46 272,090.9142,330.55 279,580.50.00 Global Infrastructure16.0600- 16,776.8234,840.96 1.89 56064L280 Asset Minor Code 98
Pimco Rae US 31,747.178 373,029.34 387,373.32- 14,343.98 387,373.32.00 Small Instl11.7500- 16,191.06- 14,343.98 1.15
72202L421 Asset Minor Code 98
Putnam Core 13,888.697 649,852.13 611,965.9737,886.16 629,126.81.00 Equity Fund Y46.7900- 35,416.1820,725.32 1.17
74676P839 Asset Minor Code 98
Schwab U S 175,076.000 4,488,948.64 4,013,533.68 475,414.96 4,278,857.44.00 Large Cap Etf25.6400- 248,607.92 210,091.20 1.17 808524201 Asset Minor Code 94
Baird 208,530.273 2,051,937.89 2,090,527.43- 38,589.54 2,054,513.81.00 Aggregate Bond Fd Instl9.8400- 45,660.00- 2,575.92 4.18 057071854 Asset Minor Code 99

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PARS/CITY OF LINCOLN 115P-OPEB
Period from March 1, 2026 to March 31, 2026

UNREALIZED

GAIN (LOSS)ADJ PRIOR MARKET /

SHARES/MARKETSINCE INCEPTION/ADJ PRIOR MARKETENDING ACCRUAL

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODUNREALIZED GAIN/LOSSYIELD ON MARKET Total Mutual Funds-Equity 448,270.648 11,989,984.93 11,101,835.52 888,149.41 11,523,651.37.00 - 795,672.72 466,333.56 1.94
Mutual Funds-Fixed Income
ASSET DETAIL (continued)
139
Dodge Cox 87,485.062 1,112,809.99 1,131,026.56- 18,216.57 1,106,218.01.00 Income12.7200- 35,484.126,591.98 4.28
256210105 Asset Minor Code 99
Ishares Core 17,197.000 1,707,146.19 1,723,047.59- 15,901.40 1,706,782.40.00 U.S. Aggregate Bond Etf99.2700- 36,629.61363.79 3.94
464287226 Asset Minor Code 95
Nyli MacKay 106,681.143 545,140.64 558,555.11- 13,414.47 554,936.26.00 High Yield Corp Bd Fd R65.1100- 7,427.49- 9,795.62 6.56 56063N881 Asset Minor Code 99
Pgim Total 91,976.461 1,108,316.36 1,131,307.01- 22,990.65 1,107,767.03.00 Return Bond Cl R612.0500- 26,571.42549.33 4.65
74440B884 Asset Minor Code 99
Voya 78,663.616 689,093.28 691,564.52- 2,471.24 691,608.79.00 Intermediate Bond Fund Class R68.7600- 15,669.35- 2,515.51 4.71 92913L569 Asset Minor Code 99

00230901
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PARS/CITY OF LINCOLN 115P-OPEB
Period from March 1, 2026 to March 31, 2026

UNREALIZED

GAIN (LOSS)ADJ PRIOR MARKET /

SHARES/MARKETSINCE INCEPTION/ADJ PRIOR MARKETENDING ACCRUAL

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODUNREALIZED GAIN/LOSSYIELD ON MARKET Total Mutual Funds-Fixed 590,533.555 7,214,444.35 7,326,028.22- 111,583.87 7,221,826.30.00 Income- 167,441.99- 7,381.95 4.43
Total Mutual Funds 1,038,804.203 19,204,429.28 18,427,863.74 776,565.54 18,745,477.67.00 - 963,114.71 458,951.61 2.88
Total Assets 1,471,282.093 19,636,907.17 18,860,341.63 776,565.54 19,177,955.561,296.72 - 963,114.71 458,951.61 2.89
Accrued Income.0001,296.721,296.72
Grand Total 1,471,282.093 19,638,203.89 18,861,638.35 ASSET DETAIL (continued)
140
Timeoftradeexecutionandtradingparty(ifnotdisclosed)willbeprovideduponrequest.

Publiclytradedassetsarevaluedinaccordancewithmarketquotationsorvaluationmethodologiesfromfinancialindustryservicesbelievedbyustobereliable.Assetsthatarenot publiclytradedmaybereflectedatvaluesfromotherexternalsources.Assetsforwhichacurrentvalueisnotavailablemaybereflectedatapreviousvalueorasnotvalued,atparvalue, oratanominalvalue.Valuesshowndonotnecessarilyreflectpricesatwhichassetscouldbeboughtorsold.Valuesareupdatedbasedoninternalpolicyandmaybeupdatedless frequentlythanstatementgeneration.

Forfurtherinformation,pleasecontactyouraccountmanagerorrelationshipmanager.

YieldonMarketandAccruedIncomeareestimatesprovidedforinformationalpurposesonlyandshouldnotbereliedonformakinginvestment,trading,ortaxdecisions.Theestimates maynotrepresenttheactualvalueearnedbyyourinvestmentsandtheyprovidenoguaranteeofwhatyourinvestmentsmayearninthefuture.

Theassetcategoriesusedinthisstatementmaybegeneralinnature.Forexample,assetslistedunderthe"MutualFunds"categorymayincludeopen-endinvestmentcompanies registeredundertheInvestmentCompanyActof1940(whicharecommonlyknownas"mutualfunds")butmayalsoincludeclosed-endinvestmentcompanies,unitinvestmenttrusts, commontrustfunds,collectivetrustfundsorotherinvestmentsthatareregisteredwith(ornotsubjecttoregistrationwith)theSecuritiesandExchangeCommission.

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Period from March 1, 2026 to March 31, 2026

ASSET DETAIL MESSAGES
141
432,477.890First Am Govt Ob Fd Cl X 0.041,144.721,296.721,144.721,296.72 31846V33604/01/26
10,823.266Cohen & Steers Instl Realty Shares 1.52.003,740.103,740.10.00 19247U10603/31/2603/31/26
17,697.501Lazard Cl List Infrastr Inst 0.60.002,287.952,287.95.00 52106N45903/20/2603/23/26
19,577.924Nyli Cbre Global Infrastructure 0.30.001,124.051,124.05.00 56064L28003/31/2603/31/26
175,076.000Schwab U S Large Cap Etf 0.30.0012,815.5612,815.56.00 80852420103/25/2603/30/26
208,530.273Baird Aggregate Bond Fd Instl 0.41.007,298.847,298.84.00 05707185403/27/2603/30/26
87,485.062Dodge Cox Income 0.54.0011,643.5311,643.53.00 25621010503/25/2603/26/26
17,197.000Ishares Core U.S. Aggregate Bond Etf 3.91.005,440.745,440.74.00 46428722603/02/2603/05/26
106,681.143Nyli MacKay High Yield Corp Bd Fd R6 0.34.002,933.862,933.86.00 56063N88103/31/2603/31/26
91,976.461Pgim Total Return Bond Cl R6 0.56.004,227.634,227.63.00 74440B88412/22/2203/31/26

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Period from March 1, 2026 to March 31, 2026

SHARES/EXPAYANNBEGINNINGINCOMEINCOMEENDING

FACE AMOUNTDESCRIPTIONDATEDATERATEACCRUALEARNEDRECEIVEDACCRUAL Cash And Equivalents
Total Cash And Equivalents1,144.721,296.721,144.721,296.72 Mutual Funds-Equity
Total Mutual Funds-Equity.0019,967.6619,967.66.00
Mutual Funds-Fixed Income

INCOME ACCRUAL DETAIL
142
78,663.616Voya Intermediate Bond Fund Class R6 0.41.002,775.262,775.26.00 92913L56903/31/2603/31/26

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SHARES/EXPAYANNBEGINNINGINCOMEINCOMEENDING

FACE AMOUNTDESCRIPTIONDATEDATERATEACCRUALEARNEDRECEIVEDACCRUAL Total Mutual Funds-Fixed Income.0034,319.8634,319.86.00 Grand Total1,144.7255,584.2455,432.241,296.72
INCOME ACCRUAL DETAIL (continued)
143
03/02/2026Interest From 2/1/26 To 2/28/261,144.72
03/27/20260.035127 USD/Share On 207,783.206 Shares Due 3/30/267,298.84 Dividend Payable 03/30/26
03/31/20260.348 USD/Share On 10,747.402 Shares Due 3/31/263,740.10 Dividend Payable 03/31/26
03/25/20260.1345 USD/Share On 86,568.97 Shares Due 3/26/2611,643.53 Dividend Payable 03/26/26
03/05/20260.316377 USD/Share On 17,197 Shares Due 3/5/265,440.74 03/20/20260.13018 USD/Share On 17,575.281 Shares Due 3/23/262,287.95 Dividend Payable 3/23/26

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Period from March 1, 2026 to March 31, 2026

DATEDESCRIPTIONCASH
Interest
First Am Govt Ob Fd Cl X
31846V336
Total Interest1,144.72
Dividends
Baird Aggregate Bond Fd Instl
057071854
Cohen & Steers Instl Realty Shares
19247U106
Dodge Cox Income
256210105
Ishares Core U.S. Aggregate Bond Etf
464287226
Lazard Cl List Infrastr Inst
52106N459
Nyli Cbre Global Infrastructure
56064L280

INVESTMENT ACTIVITY
144
03/31/20260.05762 USD/Share On 19,507.933 Shares Due 3/31/261,124.05 Dividend Payable 03/31/26
03/31/20260.02765 USD/Share On 106,107.002 Shares Due 3/31/262,933.86 Dividend Payable 03/31/26
03/31/2026Dividend From 3/1/26 To 3/31/264,227.63
03/30/2026Schwab U S Large Cap Etf12,815.56

0.0732 USD/Share On 175,076 Shares Due 3/30/26
03/31/2026Dividend From 3/1/26 To 3/31/262,775.26

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Period from March 1, 2026 to March 31, 2026

DATEDESCRIPTIONCASH
Nyli MacKay High Yield Corp Bd Fd R6
56063N881
Pgim Total Return Bond Cl R6
74440B884
Schwab U S Large Cap Etf
808524201
Voya Intermediate Bond Fund Class R6
92913L569
Total Dividends54,287.52
INVESTMENT ACTIVITY (continued)
145
03/30/2026Paid To Phase II Systems- 3,438.06
Pars Trust Admin Fee
Per Directive Dated 03/27/26
03/26/2026Collected- 3,731.82
Charged For Period 02/01/2026 Thru 02/28/2026

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Period from March 1, 2026 to March 31, 2026

DATEDESCRIPTIONCASH
Administrative Expenses
Contract Administrator Fees
Administrative Fee
Total Administrative Fee- 3,438.06
Total Contract Administrator Fees- 3,438.06
Total Administrative Expenses- 3,438.06
Trust Fees
Trust Fees
Total Trust Fees- 3,731.82
Total Trust Fees- 3,731.82
Total Plan Expenses- 7,169.88

PLAN EXPENSES
146
03/03/2026Purchased 1,144.720.00- 1,144.721,144.72 1,144.72 Units Of
First Am Govt Ob Fd Cl X
Trade Date 3/3/26
31846V336
03/05/2026Purchased 5,440.740.00- 5,440.745,440.74 5,440.74 Units Of
First Am Govt Ob Fd Cl X
Trade Date 3/5/26
31846V336
03/30/2026Purchased 12,815.560.00- 12,815.5612,815.56 12,815.56 Units Of
First Am Govt Ob Fd Cl X
Trade Date 3/30/26
31846V336
03/31/2026Purchased 75.86475.864.00- 3,740.103,740.10
Shares
Cohen & Steers Instl Realty Shares @ 49.30 USD
Through Reinvestment Of Cash Dividend Due 3/31/26
19247U106
03/20/2026Purchased 122.22122.220.00- 2,287.952,287.95
Shares
Lazard Cl List Infrastr Inst @ 18.72 USD
Through Reinvestment Of Cash Dividend Due 3/23/26
52106N459

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Period from March 1, 2026 to March 31, 2026

SHARES/

DATEDESCRIPTIONFACE AMOUNTCOMMISSIONCASHBOOK VALUE
Cash And Equivalents
Total First Am Govt Ob Fd Cl X 19,401.020.00- 19,401.0219,401.02 Total Cash And Equivalents 19,401.020.00- 19,401.0219,401.02 Mutual Funds-Equity
Total Cohen & Steers Instl Realty Shares75.864.00- 3,740.103,740.10

PURCHASES
147
03/31/2026Purchased 69.99169.991.00- 1,124.051,124.05
Shares
Nyli Cbre Global Infrastructure @ 16.06 USD
Through Reinvestment Of Cash Dividend Due 3/31/26
56064L280
03/27/2026Purchased747.067.00- 7,298.847,298.84
747.067 Shares
Baird Aggregate Bond Fd Instl @ 9.77 USD
Through Reinvestment Of Cash Dividend Due 3/30/26
057071854
03/25/2026Purchased916.092.00- 11,643.5311,643.53
916.092 Shares
Dodge Cox Income @ 12.71 USD
Through Reinvestment Of Cash Dividend Due 3/26/26
256210105
03/31/2026Purchased574.141.00- 2,933.862,933.86
574.141 Shares
Nyli MacKay High Yield Corp Bd Fd R6 @ 5.11 USD
Through Reinvestment Of Cash Dividend Due 3/31/26
56063N881

Period from March 1, 2026 to March 31, 2026

SHARES/

DATEDESCRIPTIONFACE AMOUNTCOMMISSIONCASHBOOK VALUE
Total Lazard Cl List Infrastr Inst122.220.00- 2,287.952,287.95 Total Nyli Cbre Global Infrastructure69.991.00- 1,124.051,124.05 Total Mutual Funds-Equity268.075.00- 7,152.107,152.10
Mutual Funds-Fixed Income
Total Baird Aggregate Bond Fd Instl747.067.00- 7,298.847,298.84 Total Dodge Cox Income916.092.00- 11,643.5311,643.53
Total Nyli MacKay High Yield Corp Bd Fd R6574.141.00- 2,933.862,933.86 00230901
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PURCHASES (continued)
148
03/31/2026Purchased350.841.00- 4,227.634,227.63
350.841 Shares
Pgim Total Return Bond Cl R6 @ 12.05 USD
Through Reinvestment Of Cash Dividend Due 3/31/26
74440B884
03/31/2026Purchased316.811.00- 2,775.262,775.26
316.811 Shares
Voya Intermediate Bond Fund Class R6 @ 8.76 USD
Through Reinvestment Of Cash Dividend Due 3/31/26
92913L569

Period from March 1, 2026 to March 31, 2026

SHARES/

DATEDESCRIPTIONFACE AMOUNTCOMMISSIONCASHBOOK VALUE
Total Pgim Total Return Bond Cl R6350.841.00- 4,227.634,227.63 Total Voya Intermediate Bond Fund Class R6316.811.00- 2,775.262,775.26 Total Mutual Funds-Fixed Income 2,904.952.00- 28,879.1228,879.12 Total Purchases 22,574.047.00- 55,432.2455,432.24 00230901
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PURCHASES (continued)
149
Realizedgain/lossshouldnotbeusedfortaxpurposes.
03/26/2026Sold- 3,731.820.003,731.82- 3,731.82.00- 3,731.82 3,731.82 Units Of.00
First Am Govt Ob Fd Cl X
Trade Date 3/26/26
31846V336
03/30/2026Sold- 3,438.060.003,438.06- 3,438.06.00- 3,438.06 3,438.06 Units Of.00
First Am Govt Ob Fd Cl X
Trade Date 3/30/26
31846V336

Period from March 1, 2026 to March 31, 2026

PRIOR MARKET /

SHARES/TRANSACTIONREALIZEDPRIOR MARKET

DATEDESCRIPTIONFACE AMOUNTCOMMISSIONPROCEEDSBOOK VALUEGAIN/LOSSREALIZED GAIN/LOSS Cash And Equivalents
Total First Am Govt Ob Fd- 7,169.880.007,169.88- 7,169.88.00- 7,169.88 Cl X.00
Total Cash And- 7,169.880.007,169.88- 7,169.88.00- 7,169.88 Equivalents.00
Total Sales And- 7,169.880.007,169.88- 7,169.88.00- 7,169.88 Maturities.00
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SALES AND MATURITIES

SALES AND MATURITIES MESSAGES
150
SUBJECT:

Adopt a Resolution Authorizing the City Manager to Execute Task Order Amendment No. 3 with Kimley-Horn for
Engineering Design Services for the Ferrari Ranch Road
Improvements Project (CIP 644). (Roland Neufeld)
SUBMITTED BY:

Roland Neufeld
DEPARTMENT:

Engineering
DATE:

April 28, 2026

Item Number 13.F

STAFF RECOMMENDATION:

Staff recommends City Council adopt a Resolution authorizing the City Manager to execute Task Order Amendment No. 3 with Kimley-Horn in the amount of $182,025 for the Ferrari Ranch Road Improvement Project (CIP 644) from unencumbered 2400 Funds within the project.

BACKGROUND/INTRODUCTION:

The Fiscal Year 2023/25 budget includes $10,00,000 from Fund 2400: Transportation Public Facilities Element (PFE) Fund and $28,000 from Fund 2230: Streets TDA Fund for services to design and construct the Ferrari Ranch Road Improvements Project (CIP 644).

The Ferrari Ranch Road Improvements Project will construct roundabouts at the Ferrari Ranch Road/Sun City Boulevard and Ferrari Ranch Road/Ingram Parkway intersections. The project will also widen Ferrari Ranch Road between Ingram Parkway and the existing bridge located approximately 1,000 feet east of Lincoln Boulevard. Additionally, the project will repave the roadway between the intersections of Ingram Parkway and Sun City Boulevard as well as between Sun City Boulevard and McBean Park Drive.

On March 26, 2024 the City of Lincoln awarded a contract to Kimley-Horn to design the Ferrari Ranch Road Improvements Project, through a Request for Proposal (RFP) process.

Staff have recently provided comments on a set of 65% project improvement plans, and Kimley-Horn are currently working towards a submittal of the 90% plans and specifications.

FINDINGS/ANALYSIS:

STAFF REPORT
151
During the course of design, several unforeseen items have come up that require addressing.

Several monument signs and pilasters at the intersections of Ferrari Ranch Road with Sun City Boulevard and Ingram Parkway are in the way of the proposed project improvements and will need to be re-built in new locations. As-built plans of the existing monument signs are not available, therefore the signs will need to be re-designed by a landscape architect and structural engineer to ensure that the sign foundations are adequate and that the signs are designed to handle the necessary loads.

Additionally, during the pavement analysis it has been determined that a Full Depth Recycling (FDR) pavement treatment will provide additional roadway longevity over the more traditional grind and overlay treatment that was originally proposed. FDR design is very specialized and requires additional soil borings, laboratory testing and an FDR study in order to provide the requisite design parameters for the FDR design section and mixture.

Also, to comply with the Western Placer Storm Water Quality Design Manual, the project will need to address storm water hydromodification compliance for the re-paving effort between the intersections, which was not previously included in the design effort. Location and sizing of storm water quality improvements need to be designed and incorporated into the project for environmental compliance.

Lastly, through the course of design, it has been determined that PG&E and telecom utilities will be impacted by the project and will need to be relocated. As the utilities in question are within existing utility easements, the City of Lincoln will be required to pay for the relocation.

To help facilitate this work, a joint trench sub-consultant is required to provide joint trench construction plans, coordinate with the various utility companies, and provide potholing services to determine the exact location and depth of the existing utilities.

Staff requested a scope and fee from Kimley-Horn to provide this additional work. Kimley-Horn provided a cost proposal in the amount of $182,025 for the work, which was determined to be acceptable given the nature of the work required (see Attachment A).

ENVIRONMENTAL REVIEW:

The Task Order with Kimley-Horn includes scope to conduct an environmental review of the project and provide the necessary environmental documents that would allow the project to move into construction.

FISCAL IMPACT:

The project is an approved Capital Improvement project for the biennium fiscal year 2023/25, funded from the Transportation Public Facilities Element (PFE) Fund and Streets TDA Fund.

The project is funded as follows:

Project Budget
Fund 2230 -
Streets TDA Fund $28,000 Fund 2400 – Transportation PFE Fund $10,000,000 Total Project Budget $10,028,000 152

Project Expenses

Original Engineering Design Contract (Kimley-Horn): Fund 2400 ( $
943,523)
Engineering Design Amendment No. 2 (Kimley-Horn): Fund 2230 ($28,000) Engineering Design Amendment No. 3 (Kimley-Horn): Fund 2400 ($182,025) Environmental Mitigation (Estimate): Fund 2400 ($396,652) Construction Management & Inspection (Estimate): Fund 2400 ($800,000) Construction (Estimate): Fund 2400 ($7,700,000) Total Estimated Project Expenses ( $
10,028,000)

ATTACHMENTS:

Attachment A - Task Order.pdf
Resolution_-_FRR_Improvements_Project.doc
153
Engineering Department
On-Call Contract for Professional Services
Consultant: Kimley-Horn & Associates, Inc.

Project Name: Ferrari Ranch Road Improvements Project
(CIP 644) Task Order - Amendment # 3
Date Requested: 4/28/2026
Purchase Order No:

Amendment: #3
This Task Order, authorized through the On-Call Contract by and between the City of Lincoln (“CITY”), and Kimley -Horn and Associates, Inc. (“CONSULTANT”), was approved on June 28, 2022, per Resolution No. 2022-158. This Task Order is being requested for the following services (see attachment for the full detailed scope of work).

1. Su
b-task 1: Increase the scope of work related to the Ferrari Ranch Road Improvements Project. This amended task order will provide additional funding for hydromodification design, structural design for monuments and pilasters, Full Depth Recycling design, and utility potholing and r
elocation design, and as outlined in the attached scope of services.

C
onsultant shall perform services on the project described above. This Task Order shall not be binding until it has been properly signed by both parties. Upon execution, this Task Order shall supplement the Contract as it pertains to the project described above.

P
roject Budget Changes
Initial Authorization: $ 800,000
Amendment # 1: $ 143,523
Amendment #2: $ 28,000
Amendment #3: $ 182,025
Revised Total Project Budget: $ 1,153,548
Account Code(s): CIP644-804-80070 ($182,025) - Amendment #3 The w
ork described above and herein attached as the Scope of Work is hereby authorized by the following agency representatives.

Approved by:

City of Lincoln
S
ignature: ________________________
Name: Roland Neufeld
Title: Project Manager _________
Date: 4/14/2026
S
ignature: ________________________
Name:

Title: Department Head______________
Date: _____________________
Approved by:

Kimley-Horn and Associates, Inc.

Signature: _________________________
Name: ____________________________
Title: _____________________________
Date: _____________________
Signature: _________________________
Name: _________________________
Title: City Manager
Date: _____________________
Thi
s Task Order Amendment is executed this 28th day of April, 2026. 154

Ferrari Ranch Road Improvements Project
March 25, 2026

Amendment No. 3 - Scope of Services

Task 2: Preliminary Design Engineering – Site Investigation, Data Collection, & Records Research

Task 2.6.1: Hydromodification Compliance – Ferrari Ranch Road This Amendment No. 3 Scope of Services addresses hydromodification compliance requirements for areas on Ferrari Ranch Road that are proposed for full depth recycling (FDR) pavement rehabilitation and outside the roundabout spheres of influence at Ingram Parkway and Sun City Boulevard.

Kimley-Horn will increase the study area of their one Preliminary and one Final Stormwater Quality Management Plan (SWQP) to include the study of additional replaced pavement not originally in the project design. It is understood the proposed project will still be governed by the Regulated Road and Hydromodification project categories. In addition to the original scope the SWQP will conceptually identify the locations and sizing for structural and non-structural Best Management Practices (BMPs) and Low Impact Development (LID) BMPs to treat the additional replaced area. It is anticipated that an additional 2.64 AC of Replaced Impervious Surface will be treated.

The following items will be performed in this task:
 Preparation of up to 4 additional of proposed condition SWQP treatment locations and construction details
 Additional Operations and Maintenance information if different types of BMPs are required as a result of the increased treatment area.
 An additional 10 sub-areas will be studied in addition to the eight sub-areas that are already included for inlet sizing and hydraulic calculations

Task 2.6.2: Water Quality Compliance – Del Webb Boulevard Kimley-Horn will assess the new impervious area created by the roadway improvements at East Joiner Parkway at Del Webb Boulevard and prepare one Draft and one Final SWQP. It is anticipated that treatment of stormwater runoff will be required, but that hydromodification will not be triggered for this project. Kimley-Horn will prepare calculations to appropriately size the stormwater treatment.

Task 5: Final Design – Plans and Specifications

Kimley-Horn will prepare ‘intent’ design details to be included in the plans for installation of new Sun City Lincoln Hills median monuments and decorative pilasters on Ferrari Ranch Road at Ingram Parkway and Sun City Boulevard to match existing monuments and pilasters to the extent practical. The design plans will include sufficient detail for the City’s construction contractor to prepare a material submittal package for City review, inclusive of signed, sealed structural calculations and color samples of stonework to be incorporated into the finished product. Kimley-Horn will prepare preliminary foundation design details.

Final design and structural supporting calculations are not included in this Scope of Services as these will be contractor-furnished during construction.

Deliverables:
 Landscape architectural plans illustrating monument and decorative pilaster intent details

155

Ferrari Ranch Road Improvements Project
March 25, 2026

Task 9: Pavement Rehabilitation

Task 9.2: Pavement Section Memorandum (Removed from Scope of Services) Kimley-Horn will perform a geotechnical study using as-built drawings to evaluate new pavement overlay structural sections. Kimley-Horn’s geotechnical subconsultant (Shannon & Wilson) will make one site visit to review areas of deep failure and will recommend a pavement section treatment to rehabilitate the existing asphalt concrete. We will submit a brief technical memorandum to the City in electronic (PDF) format.

Task 9.3: Full Depth Recycling with Cement (FDR-C) Pavement Kimley-Horn’s geotechnical subconsultant (Shannon & Wilson) will perform a geotechnical study by performing one day of field exploration to evaluate new FDR-C pavement structural sections. Shannon & Wilson will perform the following activities:

• Conduct a site visit to paint/stake exploration locations and coordinate with USA North 811 to clear excavation locations.
• Mobilize a drill rig to perform the subsurface field investigation work along the roadway. • Advance four (4) soil borings, approximately 500 feet on center in alternating lanes, to a depth of 4 to 5 feet below ground surface to obtain disturbed representative soil samples for visual classification and later soil laboratory testing.
• Obtain multiple (between 2 and 4) asphalt concrete, base material, and subgrade samples at each boring location to a depth of 20 inches to use in the FDR-C mix designs. • Backfill boreholes to a depth about 6-inches below ground surface with neat cement grout. The surface will be patched with Rapid Set concrete, dyed black where the existing asphalt concrete was penetrated.

Shannon & Wilson will submit samples for laboratory testing to include up to two Atterberg Limits, two R- value tests and two FDR-C mix designs. Actual testing will depend on soils encountered and samples collected during drilling. Shannon & Wilson will perform an FDR-C study to develop unconfined- compressive-strength-verses-percent-Type II-Portland-Cement-strength curves for different subgrade soil conditions along the project alignment generally following the Guide for Partial-and Full-Depth Pavement Recycling in California Manual developed by the University of California Pavement Research Center (UCPRC) and the Caltrans Highway Design Manual. Shannon & Wilson will provide HMA/FDR-C structural pavement sections for the design Traffic Indices (TI’s).

Kimley-Horn will incorporate design details and recommended technical specifications into the overall contract documents.

Deliverables:
 FDR-C Pavement Rehabilitation Letter

Task 10: Utility Design

Task 10.1: Joint Trench Design
Kimley-Horn’s joint trench subconsultant, Apex Utility Consultants, LLC, (Apex) will complete preliminary and final joint trench composite construction plans to address joint trench impacts on Ferrari Ranch Road at Ingram Parkway and Sun City Boulevard. Additionally, Apex will perform the following services:
156

Ferrari Ranch Road Improvements Project
March 25, 2026

1. Review project plans, perform visual site inspections and research existing utility facilities.

2. Coordinate with PG&E for relocation of existing PG&E electric facilities in conflict with the proposed roundabout construction, including the pad-mounted transformer and associated joint trench electrical supply lines.

3. Coordinate with Verizon/MCI for relocation and/or adjustment of existing communications boxes and facilities in conflict with the proposed roundabout construction.

4. Attend pre-engineering meetings with PG&E and Verizon/MCI, at the City’s request, to review project details.

5. Attend design team meetings as necessary to facilitate development of preliminary joint trench routing and transformer/vault location plan.

Kimley-Horn will incorporate joint trench plans/details and recommended technical specifications into the overall contract documents.

Task 10.2: Utility Locating and Potholing
Kimley-Horn’s utility locating subconsultant, 2M General Engineering, Inc. (2M), will provide hydro- vacuum potholing at up to 20 locations attempting to horizontally and vertically locate underground utilities. 2M will perform the following services:

1. Submit an 811 request to USA North.

2. Develop traffic control plans and implement traffic control to allow for potholing activities.

3. Pothole utilities, dispose of spoils, backfill holes, and cap with cold patch asphalt concrete (AC).

Hot mix asphalt pavement restoration is excluded from this Scope of Services.

4. Provide a potholing log identifying the depth, size, and material of potholed utilities located in each pothole.

5. Following potholing operations, UNICO, our land surveyor, will mobilize a survey crew to tie down pothole locations to the topographic survey.

Kimley-Horn will revise plans and profiles to incorporate potholed utilities into the overall contract documents.

Deliverables:
 Joint trench construction plans
 Utility coordination with PG&E and Verizon/MCI
 Pothole log

157
Category/Title
Billing Rate $462 $373 $341 $289 $257 $200 $173
Task 2 Preliminary Design Engineering – Site
Investigation, Data Collection, Records Research 2 5 18 10 40 35 110 $ 29,090.25 $ - $ - $ - $ - $ 29,0 90.25

2.6.1 Hydromodification Compliance - Ferrari Ranch 2 5 18 10 40 35 110 $ 29,090.25 $ 29,090.25

2.6.2 Water Quality Compliance - Del Webb 0000000 $ - $ - Task 5 Final Design – Plans and Specifications 2 5 5 20 40 10 82 $ 22,554.00 $ - $ - $ - $ - $ 22,554 .00 Pilaster / Monument Design 2 5 5 20 40 10 82 $ 22,554.00 $ 22,554.00 Task 9 Pavement Rehabilitation 2555 2 0 2 5 1 0 72 $ 17,802.75 $ - $ - $ - $ - $ 21,539 $ 39,341.85

9.3 Full Depth Recycling with Cement Pavement 2555 2 0 2 5 1 0 7 2 $ 17,802.75 $ - $ 21,539.10 $ 39,341.85 Task 10 Utility Design 12 10 40 10 30 102 $ 25,368.00 $ 3,300 $ 45,540 $ 16,830 $ - $ 91,038.00

10.1 Joint Trench Design 5 10 20 10 10 55 $ 14,148.75 $ 16,830.00 $ 30,978.75

10.2 Utility Locating and Potholing 7 20 20 47 $ 11,219.25 $ 3,300.00 $ 45,540.00 $ 60,059.25 TOTAL HOURS 6 27 38 35 140 80 40 366
Subtotal Labor and Expenses: $2,772 $10,064 $12,968 $10,106 $36,015 $15,960 $6,930 $ 94,815.00 $ - $ 3,3 00 $ 45,540 $ 16,830 $ 21,539 $ 182,024.10 Sr. Professional
II
Sr. Professional
I
Sr. Professional
I Professional Analyst II

CITY OF LINCOLN
Ferrari Ranch Road Improvements Project (CIP 644) - Amendment No. 3 Kimley-Horn and Associates, Inc. Subconsultants
2M General
Engineering
Total Cost
APEX
Total Cost
Shannon &
Wilson
Total Cost
TOTAL

PROJECT COST
Analyst I Project
Support
Kimley
Horn
Total
Hours
Kimley-Horn
Total Labor
Kimley-Horn
Expenses
Unico
Engineering
Total Cost
158
Resolution No. 2026-XXX

RESOLUTION 2026 –

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LINCOLN

AUTHORIZING THE CITY MANAGER TO EXECUTE A TASK ORDER
AMENDMENT NO. 3 WITH KIMLEY-HORN IN THE AMOUNT OF $182,025

FOR DESIGN OF THE FERRARI RANCH ROAD IMPROVEMENTS PROJECT

WHEREAS, the Fiscal Year 2023/25 Budget includes $10,028,000 for CIP 644: Ferrari Ranch Road Improvements Project; and

WHEREAS, the project is funded by Fund 24 00: Transportation PFE funds and Fund 2300: Streets TDA Funds; and

WHEREAS, the Ferrari Ranch Road Imp rovements Project will construct roundabouts at the Ferrari Ranch Road/Sun City Boulevard and Ferrari Ranch Road/Ingram Parkway intersections, will also widen Ferrari Ranch Road between Ingram Parkway and the existing bridge located approximately 1,000 fee t east of Lincoln Boulevard , and repave the roadway between the existing bridge and McBean Park Drive; and

WHEREAS, during design several items have been raised that require additional design effort including hydromodification design to account for the roadway repaving between the intersections, monument sign and pilaster design, Full Depth Recycling (FDR) design for the roadway repaving, and utility potholing and relocation design; and

WHEREAS, the engineering design consultant for the project , Kimley- Horn & Associates, Inc., provided a scope and fee to perform the additional design work that Engineering Department staff have determined to be acceptable given the nature of the work.

NOW, THEREFORE, BE IT RESOLVED:

That the City Council of the City of Li ncoln authorizes the City Manager to execute Task Order Amendment No. 3 with Kimley-Horn and Associates Inc. in the amount of $ 182,025 for Ferrari Ranch Road Improvements Project from unencumbered 2400 Funds within the project.

PASSED AND ADOPTED this 28th day of April, 2026 by the following vote:

AYES: Councilmembers:

NOES: Councilmembers:

ABSENT: Councilmembers:

ABSTAIN: Councilmembers:

159
Resolution No. 2026-XXX

___________________________
Richard Pearl, Mayor

ATTEST:

Hope Ithurburn, City Clerk

160
SUBJECT:

Adopt a Resolution Authorizing the City Manager to Execute a Pacific Gas and Electric (PG&E) Distribution Easement at McBean Park to Facilitate Permanent Utility Service to an Existing Telecommunications Facility. (Matthew Medill)
SUBMITTED BY:

Matthew Medill
DEPARTMENT:

Public Works
DATE:

April 28, 2026

Item Number 13.G

STAFF RECOMMENDATION:

Adopt a Resolution authorizing the City Manager to execute a Pacific Gas and Electric (PG&E) Distribution Easement at McBean Park to facilitate permanent utility service to an existing telecommunications facility.

BACKGROUND/INTRODUCTION:

Pacific Gas and Electric (PG&E) has identified that the existing utility easement associated with the AT&T telecommunications facility located at McBean Park does not provide sufficient land rights to accommodate PG&E’s requirements for permanent electrical service to the site.

To address this, PG&E has prepared a Distribution Easement document that establishes the necessary right-of-way to support utility infrastructure serving the telecommunications facility.

Execution of this easement is required in order for AT&T to secure permanent electrical service for the site.

FINDINGS/ANALYSIS:

The proposed PG&E Distribution Easement is located entirely within the boundaries of the existing AT&T access and utility easement previously granted for the telecommunications facility at McBean Park. As such, the proposed easement does not expand the footprint of existing easement rights nor does it introduce new encumbrances outside of the already designated utility corridor.

Approval of the easement will:

Facilitate the provision of permanent electrical service to an existing telecommunications facility;
Support continued operation and reliability of telecommunications infrastructure serving the community;
Maintain consistency with previously established access and utility easement rights.

STAFF REPORT
161
Because the easement is confined within an existing easement area, staff has determined that there are no additional impacts to City-owned property beyond those already contemplated under the current easement framework.

Consequently, execution of the PG&E Distribution Easement is a necessary administrative step to allow PG&E to proceed with utility service installation and ensure the long-term functionality of the telecommunications site.

FISCAL IMPACT:

There is no significant fiscal impact to the City of Lincoln for processing and recordation of the document, expenses will be limited to minor administrative costs and minimal recording fees.

ATTACHMENTS:

Attachment 2 Easement Deed.pdf
Attachment_1_Resolution.docx
162

Distribution Electric and Gas Easement Version 1.1 (Rev.09/25) RECORDING REQUESTED BY AND RETURN TO:

PACIFIC GAS AND ELECTRIC COMPANY
300 Lakeside Drive, Suite 210
Oakland, CA 94612
Attn: Land Rights Library

Location: City/Uninc______________________
Recording Fee $_____________________________
Document Transfer Tax $ __________
[ ] This is a conveyance where the consideration and
Value is less than $100.00 (R&T 11911).
[ ] Computed on Full Value of Property Conveyed, or
[ ] Computed on Full Value Less Liens
& Encumbrances Remaining at Time of Sale
[ ] Exempt from the fee per GC 27388.1 (a) (2); This
document is subject to Documentary Transfer Tax

Signature of declarant or agent determining tax

(SPACE ABOVE FOR RECORDER'S USE ONLY)
LD# 2112-06-11502 EASEMENT DEED
PM# 35621605

CITY OF LINCOLN, a municipal corporation,

(“Grantor ”), hereby grants to PACIFIC GAS AND ELECTRIC COMPANY, a California corporation (“Grantee”), the right from time to time to excavate for, construct, reconstruct, install, replace (of initial or any other size), remove, maintain, inspect and use facilities of the type hereinafter specified, together with a right of way therefor, within the easement area set forth below, and also ingress thereto and egress therefrom, over and across the lands of Grantor situated in the City of Lincoln, County of Placer, State of California, described as follows:

(APN 008-330-001)
The parcel of land described in the deed from J. V. Pacheco and others to The City of Lincoln dated March 1957 and recorded in Book 729 Official Records at Page 215, Placer County Records.

The facilities and easement area are described as follows:

Underground and aboveground facilities, appurtenances, and associated equipment, as Grantee deems necessary, for the distribution of electric energy, conveyance of gas, communication, and other public utility purposes, all to be located within the strip of land of the varying width along the alignment of the facilities as initially installed hereunder. The approximate location of facilities are shown upon Grantee's Drawing No. L-12-06-15 attached hereto and made a part hereof.

Grantee agrees that on receiving a request in writing, it will, at Grantor's expense, survey, prepare and record a "Notice of Final Description" referring to this instrument and setting forth a description of said strip of land.

163
Distribution Electric and Gas Easement Version 1.1 (Rev. 09/2025) Grantor further grants to Grantee the right, from time to time, to trim or to cut down , without Grantee paying compensation, any and all trees and brush now or hereafter within said easement area, and shall have the further right, from time to time, to trim and cut down trees and brush along each side of said easement area which now or hereafter in the opinion of Grantee may interfere with or be a hazard to the facilities installed hereunder, or as Grantee deems necessary to comply with applicable state or federal regulations.

Grantor also grants to Grantee the right to use such portion of said lands contiguous to said easement area as may be reasonably necessary in connection with the excavation, construction, reconstruction, replacement, removal, maintenance and inspection of said facilities.

Grantor hereby covenants and agrees not to place or construct , nor allow a third party to place or construct, any building or other structure, or store flammable substances, or drill or operate any well, or construct any reservoir or other obstruction within said easement area, or diminish or substant ially add to the ground level within said easement area, or construct any fences that will interfere with the maintenance and operation of said facilities.

Grantor further grants to Grantee the right to apportion to another public utility (as defined in Section 216 of the California Public Utilities Code) the right to construct, reconstruct, replace, remove, maintain, inspect, and use the communications facilities within said easement area including ingress thereto and egress therefrom.

Grantor acknowledges that they have read the “ Grant of Easement Disclosure Statement” , EXHIBIT “A”, attached hereto and made a part hereof.

The legal description herein, or the map attached hereto, defining the location of this utility easement, was prepared by Grantee pursuant to Section 8730(c) of the Business and Professions Code.

This document may be executed in multiple counterparts, each of which shall be deemed an original, but all of which, together, shall constitute one and the same instrument.

164
Distribution Electric and Gas Easement Version 1.1 (Rev. 09/2025) The provisions hereof shall inure to the benefit of and bind the successors and assigns of the respective parties hereto, and all covenants shall apply to and run with the land.

Dated: __________________, _______.

CITY OF LINCOLN, a municipal corporation

By___________________________________
Name________________________________
Title_________________________________

By___________________________________
Name________________________________
Title_________________________________

165
Distribution Electric and Gas Easement Version 1.1 (Rev. 09/2025) Attach to LD: 2112-06-11502
The Area, Region or Location (operating area): 6
Land Service Office: Auburn
Business Doc Type: Electric Underground Easements (4)
MTRSQ: 21.12.06.15.21
Lat/Lon: 38.888936, -121.287102
FERC License Number(s): N/A
PG&E Drawing Number(s): L-12-06-15
PLAT NO.: U3014
LD of any affected documents N/A
LD of any Cross-referenced documents
TYPE OF INTEREST: Electric Distribution (43)
SBE Parcel Number N/A
(For Quitclaims, % being quitclaimed): N/A
Order # or PM #: 35621605
JCN: N/A
County: Placer
Utility Notice Numbers (if applicable) N/A
851 Approval Application No.N/A Decision, N/A
Prepared By: MY10
Checked By: LEPH
Approved By: N/A
Revised by: N/A
pw:\\pge-pw.bentley.com:pge-pw-01\Documents\LS&ES\Distribution-North Valley\Auburn\Active\35621605_AD TELCO EP 61 MCBEAN PARK DR, LINCOLN\

THIS PAGE TO BE RECORDED WITH THE DOCUMENT
166
Distribution Electric and Gas Easement Version 1.1 (Rev. 09/2025)

State of California

County of )

On __________________________, before me, Notary Public, Insert name
personally appeared
,
who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.

WITNESS my hand and official seal.

(Seal)
Signature of Notary Public

CAPACITY CLAIMED BY SIGNER

[ ] Individual(s) signing for oneself/themselves

[ ] Corporate Officer(s) of the above named corporation(s)

[ ] Trustee(s) of the above named Trust(s)

[ ] Partner(s) of the above named Partnership(s)

[ ] Attorney(s)-in-Fact of the above named Principal(s)

[ ] Other

A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.
167
Distribution Electric and Gas Easement Version 1.1 (Rev. 09/2025) Pacific Gas and Electric Company

EXHIBIT “A”

GRANT OF EASEMENT DISCLOSURE STATEMENT

This Disclosure Statement will assist you in evaluating the request for granting an easement to Pacific Gas and Electric Company (PG&E) to accommodate a utility service extension to PG&E’s applicant. Please read this disclosure carefully before signing the Grant of Easement.

• You are under no obligation or threat of condemnation by PG&E to grant this easement.

• The granting of this easement is an accommodation to PG&E’s applicant requesting the extension of PG&E utility facilities to the applicant’s property or project. Because this easement is an accommodation for a service extension to a single customer or gro up of customers, PG&E is not authorized to purchase any such easement.

• By granting this easement to PG&E, the easement area may be used to serve additional customers in the area. Installation of any proposed facilities outside of this easement area will require an additional easement.

• Removal and/or pruning of trees or other vegetation on your property may be necessary for the installation of PG&E facilities. You have the option of having PG&E’s contractors perform this work on your property, if available, or granting permission to PG& E’s applicant or the applicant’s contractor to perform this work. Additionally, in order to comply with California fire laws and safety orders, PG&E or its contractors will periodically perform vegetation maintenance activities on your property as provided for in this grant of easement in order to maintain proper clearances from energized electric lines or other facilities.

• The description of the easement location where PG&E utility facilities are to be installed across your property must be satisfactory to you.

• The California Public Utilities Commission has authorized PG&E’s applicant to perform the installation of certain utility facilities for utility service. In addition to granting this easement to PG&E, your consent may be requested by the applicant, or applicant’s contractor, to work on your property. Upon completion of the applicant’s installation, the utility facilities will be inspected by PG&E. When the facility installation is determined to be acceptable the facilities will be conveyed to PG&E by its applicant.

By signing the Grant of Easement, you are acknowledging that you have read this disclosure and understand that you are voluntarily granting the easement to PG&E. Please return the signed and notarized Grant of Easement with this Disclosure Statement attach ed to PG&E. The duplicate copy of the Grant of Easement and this Disclosure Statement is for your records.

168
Applicant:

SECTION TOWNSHIP RANGE

PLAT MAP

REFERENCES

MERIDIAN

DATESCALE
CITY OF:

DRAWING NO.DIVISIONPG&E
COUNTY OF:

F.B.: DR.BY: CH.BY:

UNLESS OTHERWISE SHOWN ALL COURSES EXTEND TO OR ALONG ALL BOUNDARIES OR LINES

AUTHORIZ

N/AMDB&M MY10 LEPH
1"=100' 02/04/26
1 0
'
LD 2112-06-11502

VARYING WIDTH PG&E EASEMENT

APPROXIMATE LOCATION OF A
APN 008-330-002
729 OR 215

CITY OF LINCOLN
"
D
"
S
T
R
E
E
T
4 T H S T R E E T
APN 008-183-004
729 OR 215

CITY OF LINCOLN
25 RS 26

LINCOLN
TELCO-SERVICE EXTENSION-75 MCBEAN PARK DR.,

25 RS 26
06E12N

LINCOLN
35621605 L-12-06-15SIERRA
540'±
20'±
T.12N, R.06E, MDB&M
NE 1/4 OF THE SE 1/4 SEC. 15,
25 RS 26
008-330-001APN
DATED: MARCH 1957

PLACER COUNTY RECORDS
729 OR 215
a municipal corporation

CITY OF LINCOLN,
GRANTOR:
(E) U3014
PLACER
15 NE1/4 OF SE1/4
LEGEND

PROPOSED FACILITIES

EXISTING FACILITIES

VARYING WIDTH PG&E EASEMENT

APPROXIMATE LOCATION OF A

SUBJECT PARCEL LINE

PARCEL LINE

MCBEAN PARK
APN 008-220-009
729 OR 215

CITY OF LINCOLN
10'
169
Resolution No. 2026-XXX

RESOLUTION 2026-XXX

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LINCOLN

AUTHORIZING THE EXECUTION OF A PACIFIC GAS AND ELECTRIC COMPANY (PG&E) DISTRIBUTION EASEMENT AT MCBEAN PARK.

WHEREAS, the City of Lincoln (“City”) is the owner of certain real property located at McBean Park; and
WHEREAS, Pacific Gas and Electric Company (PG&E) has determined that the existing AT&T utility easement does not provide sufficient land rights to accommodate PG&E’s requirements for electrical service to the telecommunications facility; and
WHEREAS, PG&E has prepared a Distribution Easement document establishing the necessary right -of-way for installation, operation, and maintenance of electrical utility facilities; and
WHEREAS, the granting of the PG&E Distribution Easement will facilitate the provision of permanent electrical service and support the continued operation and reliability of telecommunications infrastructure serving the community.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lincoln that the City Manager is hereby authorized to execute and notarize an easement deed, in a form approved by the City Attorney, along with any related documents necessary to effectuate the int ent of this Resolution, and the City Clerk is hereby directed to attest to the execution thereof.

PASSED AND ADOPTED this 28th day of April, 2026 by the following vote:

AYES: Councilmembers:

NOES: Councilmembers:

ABSENT: Councilmembers:

ABSTAIN: Councilmembers:

Richard Pearl, Mayor
ATTEST:

Hope Ithurburn, City Clerk

170
SUBJECT:

Adopt a Resolution Authorizing the City Manager to Execute a Public Facilities Element Fee Credit Agreement with JEN California 24, LLC. (Nita Wracker)
SUBMITTED BY:

Nita Wracker
DEPARTMENT:

Community Development
DATE:

April 28, 2026

Item Number 13.H

STAFF RECOMMENDATION:

Staff recommends City Council adopt a resolution authorizing the City Manager to execute a Public Facilities Element Fee Credit Agreement with JEN California 24, LLC for Transportation and Parks/Trails PFE Facilities associated with the Joiner Ranch East project subject to legal review.

BACKGROUND/INTRODUCTION:

The Joiner Ranch East project located at the southeast corner of Nicolaus Road and Joiner Parkway (the “Project”) includes Public Facilities Element (“PFE”) facilities that will serve the Project and other areas of the City. As a condition of development for the Project, JEN California 24, LLC (the “Developer”) is required to construct the PFE facilities identified in Exhibit A of the PFE Fee Credit Agreement (the “Agreement”) that is included as Attachment B to this report and will earn PFE fee credits accordingly. These PFE fee credits may be used to offset the Project’s PFE fee obligation pursuant to the City of Lincoln’s current PFE Nexus Study.

FINDINGS/ANALYSIS:

City staff has coordinated with the Developer to prepare the PFE credit values for the PFE facilities included in the Agreement based on best available data at this time. Since the PFE facilities have already been accepted by the City, a final “true-up” of actual costs will not be needed and the credit values included in the attached Agreement may be considered final.

The final credit values awarded to the Developer do not exceed the cost estimate assumed for the facilities in the preparation of the PFE Nexus Study, including the annual inflationary adjustments applied as part of the PFE Fee Program.

FISCAL IMPACT:

The Developer will be granted a final PFE credit value of $242,051 for the Project in accordance with the terms of the Agreement. These earned PFE fee credits may be applied toward PFE fees for the Project that would otherwise be required to be paid at the time of

STAFF REPORT
171
building permit issuance, and may be transferred to another landowner or reimbursed to the Developer by the City at a future date subject to availability of PFE funds pursuant to the Agreement.

ATTACHMENTS:

Joiner Ranch East PFE Credit Agreement (2026-03-30).docx Joiner_Ranch_East_PFE_Credit_Resolution.docx
172

CITY OF LINCOLN

PUBLIC FACILITIES ELEMENT

FEE CREDIT AGREEMENT

JOINER RANCH EAST PROJECT WITHIN

THE JOINER RANCH GENERAL DEVELOPMENT PLAN AREA

JEN CALIFORNIA 24, LLC

TRANSPORTATION AND PARKS/TRAILS IMPROVEMENTS

This Public Facilities Element (“PFE”) Fee Credit Agreement (the “Agreement") is entered into by and between the City of Lincoln (hereinafter the “City”) and JEN California 24, a California limited liability company, and/or its successors in interest, (hereinafter the “Constructing Owner") as of the I__ day of ______, 2026 (the “Effective Date”).

RECITALS

WHEREAS, the City previously created a comprehensive program to generate funding from new development to construct necessary backbone infrastructure and community services facilities (the “PFE Fee Program”) pursuant to Chapter 18.99 of the Municipal Code and California Government Code Sections 66000 et seq. (“Mitigation Fee Act”); and
WHEREAS, on August 13, 1985, the City Council of City of Lincoln adopted the Joiner Ranch General Development Plan. Certain projects within the Joiner Ranch General Development Plan Area (the “Plan Area”) are required to construct PFE facilities and provisions for these projects to earn PFE Fee Credits exist per the City ’s PFE Implementation Plan and Policies adopted on October 28, 2025 (the “PFE Policy”); and

WHEREAS, on May 11, 2021, the City Council of City of Lincoln adopted Ordinance 1034B , approving the Joiner Ranch General Development Plan Amendment which included rezoning and the approval of a Tentative Subdivision Map related to the Joiner Ranch East project located at the southeast corner of Nicolaus Road and Joiner Parkway and within the Plan Area (the “Project”); and

WHEREAS, Constructing Owner is developing the Project including PFE facilities and improvements that will serve the Project and other areas of the City; and

WHEREAS, the overall list of PFE facilities and improvements are identified in the most recently adopted version of the nexus analysis, including the authorized annual adjustments, approved by the City Council to support the administration of the PFE Fee Program (hereafter the “PFE Nexus Study”); and

WHEREAS, Constructing Owner is required, as a condition of development of the Project, or has otherwise agreed (with City’s approval), to construct or cause to be constructed the PFE facilities and improvements described in Exhibit A hereto, which are included within the improvement plan sets titled Joiner Ranch East – Phase 1, dated July 22, 2024 and approved July 22, 2024, and Joiner Ranch – Phase 2, dated March 31, 2025 and approved on April 8, 2025 (hereinafter the “PFE Facilities"); and

173

WHEREAS, Municipal Code Section 18.99.040 and the PFE Policy allow for credits and reimbursements to the Constructing Owner that constructs specified PFE facilities and improvements as defined in the PFE Fee Program and as established in the PFE Nexus Study; and

WHEREAS, administration of the City ’s PFE Fee Program will be the responsibility of the City Engineer or their designee (the “Administrator”); and

WHEREAS, City has agreed t o allow Constructing Owner to execute a contract to design and construct the PFE Facilities; and

WHEREAS, Constructing Owner has entered into a contract with A. Teichert & Sons, Inc . for construction of the PFE Facilities (the “Construction Contract"); and

WHEREAS, the PFE Fee Program includes a Critical component and Non-Critical component as defined in the PFE Nexus Study; and

WHEREAS, City and Constructing Owner now desire to enter into an Agreement to provide for allowable credits and future reimbursements from the Transportation and Parks/Trails PFE accounts, as defined and described in the PFE Policy, by the City to Constructing Owner for certain costs of design and construction of the PFE Facilities (the “PFE Fee Credits ”), which PFE Fee Cr edits may, at Constructing Owner’s discretion, be applied as credits at building permit against the PFE Fees on the terms set forth in this Agreement, reimbursed from the amount available for reimbursements from the PFE Fee Program, or transfer red to a new owner with a written document approved in form and acknowledged by the City; and

WHEREAS, this Agreement will not apportion any PFE Fee Credits that Constructing Owner may elect to apply as PFE Fee Credits to any particular real property. Such a pportionment shall be accomplished at Constructing Owner’s discretion to any portion or portions of the Constructing Owner’s Property as described herein.

NOW, THEREFORE , in consideration of the mutual promises contained herein, City and Constructing Owner agree as follows:

SECTION 1. DEFINITIONS

All terms not otherwise described herein shall have the meaning(s) described thereto in the PFE Policy.

SECTION 2. PURPOSE OF THE AGREEMENT

This Agreement is not intended to modify or amend in any way the rights and obligations defined in the PFE Policy related to the construction of PFE projects and earned PFE Fee Credits. The purpose of the Agreement is to specify the PFE Facilities, the related earned PFE Fee Credits, and the options available to the Constructing Owner regarding application of earned PFE Fee Credits.

SECTION 3. CONSTRUCTION OF PFE FACILITIES

Constructing Owner shall complete construction of the PFE Facilities in accordance with the plans and specifications approved by the City Engineer, and in accordance with City improvement standards and this Agreement. Constructing Owner understands and acknowledges that the terms and conditions contained in any contract that Constructing Owner has or may execute with any contractors 174

or material suppliers regarding the construction of the PFE Facilities shall have no force or effect upon this Agreement. Constructing Owner is solely responsible for all contract payment obligations and may not rely upon reimbursement from the City PFE accounts for the purpose of payment to contractors.

SECTION 4. BONDS

A. Constructing Owner has posted the following securities for the PFE Facilities in favor of the City in the amounts and forms acceptable to the City Attorney:

1. To secure faithful performance in the construction of the PFE Facilities, security in an amount not less than one hundred (100%) percent of the estimated cost of the work in the Engineer’s Preliminary Estimate (see Exhibit A) and as approved by the City Engineer as being a reasonable estimate of the fair market cost of the work, including but not limited to cost of the PFE Facilities, engineering, inspection, fees, and incidental expenses, as determined by the City Engineer.

2. To secure payment to the contractor, subcontractors, and to persons furnishing labor, materials, or equipment to them, security in an amount not less than one hundred (100%) percent of the estimated cost of the work in the Engineer’s Preliminary Estimate (see Exhibit A) and as approved by the City Engineer as being a reasonable estimate of the fair market cost of the work, including but not li mited to cost of the PFE Facilities, engineering, inspection, fee, and incidental expenses, as determined by the City Engineer.

3. If applicable, to secure payment of the cost of setting of monuments, security in an amount equal to one hundred (100%) percent of the estimated costs of setting such monuments as determined by the City Engineer.

B. To secure the guarantee and warranty of the work for a period of one (1) year following the completion and acceptance of the PFE Facilities, security in an amount not less than fifteen (15%) percent of the actual cost of the work performed, including but not limited to the cost of the PFE Facilities, engineering, inspection, fees, and incidental expenses, as determined by the City Engineer, shall be filed with the City prior to the final acceptance of the PFE Facilities by the City.

C. If security is furnished in the form of a bond or bonds, such bonds shall be executed by a corporate surety company authorized to transact surety business in the State of California.

D. If Constructing Owner shall fail or neglect to comply with the provisions of this Agreement, the City shall have the right at any time to cause said provisions to be met by any lawful means and thereupon recover from the Constructing Owner and/or his/her surety the full cost and expense incurred.

SECTION 5. EARNED PFE FEE CREDITS

City and Constructing Owner agree that the amount of PFE Fee Credits earned by the Constructing Owner hereunder shall be as set forth on Exhibit B hereto and made a part hereof, which shall indicate if the PFE Facilities are subject to a final “true up" as described in Section 10 of this Agreement. A “true up" would include the reconciliation of actual costs, for both “hard costs" and “soft costs", through the documents as required in Section 10.

“Hard Costs” could include the costs of (i) construction of the PFE Facilities, based on the price included in the applicable Construction Contract and actually paid to the contractor for the construction 175